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 Related Terms
Mean:  The sum of the numbers in a set of data divided by the number of pieces of data. This is what we usually call "average." Also called the arithmetic mean.
 Arithmetic Mean: The sum of the numbers in a set of data divided by the number of pieces of data. Also simply called "mean." This is what we usually call "average.". Average: An average is a numerical value used to describe the overall clustering of data in a set. Average is usually used to indicate an arithmetic mean. However, an average can also be a median or a mode. Median: The number in the middle of a set of data when the data are arranged in order. When there are two middle numbers, the median is their mean. Measures of Central Tendency: Numerical values used to describe the overall clustering of data in a set, or the overall "average" of a set of data. The three most common measures of central tendency are the mean, median, and mode. Mode: The number that occurs most frequently in a set of numbers.