Bayt.com

Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

Differentiate mean, median and mode as measures of central tendency of a set of numbers.

Accounting Cost Accounting Forecasting Financial Accounting managerial accounting
user-image
Question added by Lesley Lanag CMA CPA , Senior Accountant , Takaful Emarat Insurance (P.S.C)
Date Posted: 2014/12/01
Upvote (1) Views (2) Followers (2) Answers (2) Report Question
Write an Answer
Register now or log in to answer.
VENKITARAMAN KRISHNA MOORTHY VRINDAVAN
by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

Mean : Exact Average

Median: The Midmost value of the Distribution.

Mode: The most repeated one.

Lesley Lanag CMA CPA
by Lesley Lanag CMA CPA , Senior Accountant , Takaful Emarat Insurance (P.S.C)

Mean is the average of a set of numbers

Mode is the most frequent figure that occurs in a set of numbers

Median is the halfway value of a set of numbers if they are arranged from highest to lowest or vise versa

Write Your Answer
More Questions Like This

Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.

Get Help