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Is Median The Same As Average In Statistics?

Ever wondered if the 'average' you hear about is the same as the 'median'? This video dives into a common statistical question, clarifying the key differences between these two fundamental measures. In this video, you'll learn: ► The core definitions of mean (average) and median in statistics. ► How mean and median are calculated and what each represents. ► Why understanding the distinction is crucial for accurate data interpretation. ► Real-world scenarios where one measure is more appropriate than the other. ► How outliers can significantly impact the mean but not the median. #MeanVsMedian, #Statistics, #DataScience, #MathTips, #DataAnalysis