Statistics

Median

Median is the middle value when data is arranged in order, making it less sensitive to extreme high or low values compared to the mean.

Sum of values divided by number of observations

Mean is calculated by adding all values in a dataset and dividing by the total number of observations.

Providing detailed information about data spread

While range only shows the difference between maximum and minimum values, standard deviation provides a more nuanced view of how data points are distributed around the mean.

To measure the average distance of data points from a central value

Mean deviation helps understand how far, on average, data points are from a central tendency measure like mean or median.