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Average, Mean, and Median

Arithmetic mean (average) = (X1+X2+X3+...+Xn) / n

Geometric mean = (X1 * X2 * X3 * ... * XN)1/N

Median refers to the middle number (in a sorted list of numbers).

To find the median, place the numbers you are given in value order and find the middle number.

Example: find the Median of {13, 23, 11, 16, 15, 10, 26}.

Put them in order: {10, 11, 13, 15, 16, 23, 26}

The middle number is 15, so the median is 15.

Note: If there are two middle numbers, you average them to get the median.