This tool is designed to compute the three primary measures of central tendency in a data set: the mean (average), the median (middle value), and the mode (most frequent value). These measures help to summarize and analyze data by providing insights into its distribution and central characteristics.
Key Uses
Statistical Analysis
Mean
It offers an overall average value, which is useful in understanding the general trend of data.
Median
It provides the middle point, which is particularly helpful when data is skewed or contains outliers.
Mode
It highlights the most frequently occurring value, which is useful in categorical data analysis or identifying common trends.