Learn about the mean, median, mode and range with BBC Bitesize Key Stage 3 Maths.

First, you can calculate the mean. Let's say you have five FTSE 100 readings on consecutive days. They are 4,800, 4,900, 4,700, 4,800 and 5,100. The mean is the sum of the readings (24,300 ...

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.

The mode, like the median, is not affected by extreme values, so it gives a much better idea of the economic situation on Chestnut Street than the mean does. But the mode doesn’t always work well with ...

If most of the houses sell for somewhere between $100,000 and $200,000, and there are a few multimillion dollar mega-mansions, the mean price of a house in the neighborhood might well be $500,000 ...

However, the arithmetic mean of returns is only accurate when there is no volatility in the market. When the arithmetic mean of 0.67% is applied to each stock price, the end value is $152.63.

Learn about the mean, median, mode and range with BBC Bitesize Key Stage 3 Maths.