Difference Between Average and Median
During our school days, most of us have learnt these terms during our mathematics class. Some of us, in our zeal to learn more, have taken private tuitions. These are very basic terms that we must know. Some of us may have moved into different fields and have nothing to do with the subject in real life. Only those in similar fields have any real need of using these words in their work. Those who are in different fields may forget what’s the difference between median and average.
They could be some need to teach their kids. So, they might feel the need to brush up the difference between median and average. In this current article, we will delve into details on the difference between average and median. We hope it will help you brush up your knowledge also.
Definition of Average
As an initial step to learning what is the difference between median and average, let us now get to know the definition of average. The expression average, or the mean, is found by dividing total of all the figures in the set by how many figures were there in this set. Anyone can now say that it is the central point of all the figures in the set. Average has another meaning across our life. We also loosely use this word when we denote an approximate value.
Like, we say that it takes on an average of three months for a sale to close. Or, we can send the item to you in an average of three days. The term is said in the form of an approximation. It can also refer to a normal amount or a normal person. We often say, an average person can lift around twenty kilos of weight.
Definition of Median
We just crossed the initial hurdle to identify what is the difference between average and median. Let us now see definition of median. Median is a center figure of any distribution of records and the records are above or below it. It is the mid record in the entire list of records.
The records have to be listed out in rising order before we can find out the correct median. We can say it is more or less the figure which is in the mid position. We can comprehend this word is not used very often, and the average is actually more in use. It is restricted mainly to people who are in the economics field. You may also be required to teach your children also.
Average vs Median Comparison Table
You may also have to teach your children the median and average difference.
|Basis of Comparison||Median||Average|
|What it means||In a set of figures in rising order, it is the mid figure||It is the mid figure of a set of figures|
|Applicability||It is for a distribution that is skewed||The distribution is normal|
|Outliers||Not dependent on any outlier||Dependent on outliers|
|Type of average||It is more of a positional average||It is the mid point of the set of figures|
|How to find out||First the set has to be arranged in ascending order. Then the average of the two figures in the center is taken||You just add up the figures in the set and divide it by the total count of figures in the set|
Conclusion of the Main Difference Between Average vs Median
The article has dealt about what is difference between median and average. We have also taken notice that the average is most in use. While it covers the entire set of figures, the median does not really take into account the entire set of figures.
There may be a situation where some figures which are greatly out of sorts and varies with the other figures, the average will be different. The median might not take this into account as it is only a positional cardinal point. So, we now see that the average can be varying if the numbers in the set have some outliers.
So, we have gone through in detail about the average and median difference. We sincerely hope your concepts will be clear when anyone has gone through this article. We will sincerely look forward to your feedback and suggestions.