Mean: The Average
The mean is the 'average' of a set of numbers. It is calculated by adding all the numbers in a dataset together and then dividing by the total count of numbers in that set.
Median: The Middle Value
The median is the 'middle' value in a dataset that has been arranged in numerical order from least to greatest. If there is an even number of values, the median is the average of the two middle numbers.
Mode: The Most Frequent Value
The mode is the number that appears most frequently in a dataset. A dataset can have one mode, more than one mode (multimodal), or no mode at all if all numbers appear with the same frequency.
Example Calculation
For the dataset {2, 5, 9, 3, 5, 4, 7}, first order it: {2, 3, 4, 5, 5, 7, 9}. The Mean is (2+3+4+5+5+7+9) / 7 = 5. The Median is the middle number, which is 5. The Mode is the most frequent number, which is 5.