Mean - Median - Mode are three words which I often confuse.
Mean : Average
- Arithmetic Mean (AM) : (a+b+c+....+n)/n
- 1/n
- Geometric Mean (GM) : (a*b*c*.....*n)
- Harmonic Mean (HM)
AM >= GM >= HM
Median : Middle Value
If we have a set of values, then mean of those can be found by arranging those values in ascending/ descending order and the middle value will be median.
Mode : Most frequently occuring value. Mode may / may not be unique.
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