Averages

Averages, also known as means, are measures of central tendency used to summarize a set of data by representing a typical value within the dataset. There are several types of averages, including the mean, median, and mode.

1. Mean: The mean is the most common type of average and is calculated by adding up all the values in a dataset and dividing by the total number of values. It represents the arithmetic average of the data.

2. Median: The median is the middle value in a dataset when the values are arranged in ascending or descending order. If there is an even number of values, the median is the average of the two middle values.

3. Mode: The mode is the value that appears most frequently in a dataset. A dataset can have one mode (unimodal), two modes (bimodal), or more than two modes (multimodal).