Averages are used all the time in finance, usually to justify performance (above average'). However, as an investor, youshould realise there are several ways to calculate an average.The three most ...

Mode Formula: Mode is a fundamental concept in statistics. It refers to the value or values that occur most frequently in a dataset. In other words, it's the number or numbers that appear with the ...

The mean is the most commonly used measure of average. To find the mean of a list of numbers, add them all together and divide by how many numbers there are: \(\text{mean} = \frac{\text{sum of all the ...