The mode is a statistical term for the value that occurs most frequently in a set of numbers. Learn about the difference between the mean, median, and mode.

Once data has been collected, it can be sorted and processed in different ways depending on the purpose of the survey. Finding an average value – mean, median or mode- is often useful.

Formula of Mode: Know to How to Calculate Median for Grouped, Ungrouped Numbers along with questions with solution.

The median is the middle number in a sorted ascending or descending list. It can be more descriptive of the dataset than the average. It’s quite different from the mean.

Formula of Mean: Know to How to Calculate Median for Grouped, Ungrouped data along with solved examples, questions with solution.

Glossary Mean, median and mode There are several ways to calculate an average, the three most common being the mean, median and mode.

Sometimes the more telling statistic is the median, instead of the average -- but in the age of "average," it might take some effort to embrace the more accurate number.