Section 1
Measures of Center and the Population vs. Sample
Property
A measure of center summarizes a data set with a single "typical" number.
- Mode: The value that occurs most often.
- Median: The exact middle value when the data is ordered from least to greatest. (If there is an even number of values, average the two middle numbers).
- Mean (Average): The sum of all values divided by the total count .
When calculating the mean, you must note whether your data is a Sample (a small surveyed subset) or a Population (the entire group existing in reality).
- Population Mean is represented by the Greek letter (mu).
- Sample Mean is represented by (x-bar).
Examples
- Finding the Median: For the data set {9, 2, 7, 5, 11}, order it first: {2, 5, 7, 9, 11}. The middle value is the 3rd one, so the median is 7.
- Finding the Mean: For five quiz scores {8, 10, 7, 9, 6}, the sum is 40. The mean is .
- Choosing the Best Measure: House prices on a street are 200k, 210k, 225k, 240k, and 950k. The mean is 365k, which is heavily distorted by the one 950k mansion. The median is 225k, which is a much better measure of the "typical" house on this street.