Descriptive statistics are essential for summarizing and interpreting data. When dealing with a dataset, three key measures of central tendency often come into play: mean, median, and mode. Each of these measures provides unique insights into the characteristics of a dataset. Below are three practical examples showcasing how to calculate each of these statistics in different contexts.
In a classroom setting, a teacher wants to assess the average score of her students on a recent math test. The scores of the students are as follows: 78, 85, 92, 88, 76.
To calculate the mean:
The mean score of the class is 83.8. This average helps the teacher gauge overall performance and identify areas for improvement.
A real estate agent is analyzing the sale prices of houses in a neighborhood to determine the median price. The sale prices (in thousands) are: 150, 200, 250, 300, 400.
To find the median:
The median sale price is 250, which gives a better indication of a typical sale price than the mean, especially if there are extreme values.
A company conducts a survey to find out the preferred mode of transportation among its employees. The responses are as follows: Car, Bus, Car, Train, Car, Bus.
To find the mode:
The mode of transportation among employees is Car, indicating that most employees prefer to drive to work.