The kind of average - Deepstash

The kind of average

There are three common kinds of average:

  1. Mean. Add up all the values and divide by the quantity of the values.
  2. Median. The value in the middle of the sample.
  3. Mode. The most common value.

When a statistic cites the “average”, it could be the mean, median or mode, which can be drastically different. The unspecified “average” is used to prove a point while leaving out any numbers that might question their predetermined point.

415

1.52K reads

CURATED FROM

IDEAS CURATED BY

lilhh

I have a passion for architecture. Always eager to learn new things.

This book lays the groundwork for the many ways statistics are used to mislead people. Honest people must learn the tricks of statistics so that they can interpret data intelligently.

The idea is part of this collection:

Hiring the Best in Class

Learn more about problemsolving with this collection

Conducting effective interviews

Identifying the right candidates for the job

Creating a positive candidate experience

Related collections

Similar ideas to The kind of average

Method 2:  Reporting The Wrong Average

Method 2: Reporting The Wrong Average

There are 3 common averages: mean, median and mode. In some cases, the result of all 3 is the same number but in most cases the numbers are very different!

The Median (middle number) tells you more about the situation. On the left of this number is 50% of t...

Read & Learn

20x Faster

without
deepstash

with
deepstash

with

deepstash

Personalized microlearning

100+ Learning Journeys

Access to 200,000+ ideas

Access to the mobile app

Unlimited idea saving

Unlimited history

Unlimited listening to ideas

Downloading & offline access

Supercharge your mind with one idea per day

Enter your email and spend 1 minute every day to learn something new.

Email

I agree to receive email updates