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The median is the middle value. In a list of ten values, that will be the (10 + 1) Ã· 2 = 5.5 th value; that is, I'll need to average the fifth and sixth numbers to find the median: (10 + 11) Ã· 2 = 21 Ã· 2 = 10.5. The mode is the number repeated most often.
It is derived by dividing the sum of the values in the set by the number of values in the set. It is commonly called average and is the arithmetic mean. Median - the value where exactly 50% of the number of the values are less then and 50% are greater then. Mode = the number that occurs the most in the set. If no numbers repeat there is no mode.