The mode is a statistical term for the value that occurs most frequently in a set of numbers. Learn about the difference between the mean, median, and mode.

The mean is the most commonly used measure of average close. To calculate the mean, add the values together and divide the total by the number of values. If you place a set of numbers in order ...

Winsorized mean is an averaging method that involves replacing the smallest and largest values of a data set with the observations closest to them.

Finding different averages of a set of data gives us a tool to describe the results. The main averages, which can also be referred to as measures of central tendency, are the mean, mode and median.