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πŸ“ŠMean vs MedianπŸ“

Both mean and median describe the 'center' of data, but they can give very different answers when the data is skewed.

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β†’
πŸ“ŠMean
  • βœ“The sum of all values divided by the count
  • βœ“Uses every single data point
  • βœ“Common in everyday statistics and calculations
  • βœ“Strongly affected by extreme outliers
  • βœ“Easy to use in further mathematical formulas
πŸ“Median
  • βœ“The middle value when data is sorted in order
  • βœ“Splits the dataset into two equal halves
  • βœ“Barely affected by extreme outliers
  • βœ“Better represents typical values in skewed data
  • βœ“Used for incomes, house prices and similar data

Verdict

Use the mean for symmetric data without big outliers; use the median when data is skewed β€” like incomes β€” because a few extreme values can drag the mean far from typical experience.

Frequently asked

Why is median preferred for income data?+

Incomes are skewed by a few very high earners; the median better reflects what a typical person earns.

Can the mean and median be equal?+

Yes. In a perfectly symmetric distribution the mean and median are the same value.

Which average is sensitive to outliers?+

The mean. A single extreme value can shift it noticeably, while the median resists outliers.

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