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Question

What are the 4averages ?


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Solution

Define average.

The average is the center value of the dataset, which represents the entire dataset. The four types of average are :

  1. Mean : The average is the sum of the values ​​in the dataset divided by the number of data values.
  2. Median : It is the middlemost value of a data set.
  3. Mode : The most frequently occurring data value or a data value which occurs at maximum number of times.
  4. Mid-range : The arithmetic mean of the highest and least value of a data set.

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