## Median

The median is the middle value of a series of numbers arranged in ascending or descending order. In a data set with an even number of values, the median is the average of the two middle values. This means that not all data are included. The median is robust to extreme data values and is therefore often more suitable than the mean for making a statement about skewed data distributions.

The median is the middle value of a series of numbers arranged in ascending or descending order. In a data set with an even number of values, the median is the average of the two middle values. This means that not all data are included. The median is robust to extreme data values and is therefore often more suitable than the mean for making a statement about skewed data distributions.

## Modal value or mode

The mode or modal value is the value that occurs most frequently in an observed set of data. The modal value is also used for attributive data. For these attribute values, as with variable data, the modal value is the value that occurs most frequently.

The mode or modal value is the value that occurs most frequently in an observed set of data. The modal value is also used for attributive data. For these attribute values, as with variable data, the modal value is the value that occurs most frequently.

## Example

In a medium-sized company, the number of new customers per month was documented over a period of time to monitor the effectiveness of investments in sales.

In the last month listed, the number of new customers increased drastically. This is related to a company merger in the same period.

The following values were documented:

**For the data listed, the result is:**

a mean value of 11.80

a median of 6

a modal value of 3

with a number N for the modal value of 4

**For the data listed, the result is:**

a mean value of 11.80

a median of 6

a modal value of 3

with a number N for the modal value of 4

## Mean, Median and Modal Value in PDF format

## Further training opportunities ...

... can be found in the Education and Training section!

... can be found in the Education and Training section!

...... or simply give us a call or send us an e-mail. We will be happy to help you!

...... or simply give us a call or send us an e-mail. We will be happy to help you!