Median average calculator

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Average median income

A common question is what is the average median income of a country? This is calcualted by dividing the income distribution into two equal groups with half having an income above that amount and the other half having an income below that amount. The Mean income average is us the income of a group by the number of earners in that group.

Is mean average? Does mean mean average? What is average?

There are three types of averages, these are mean, median and mode

When only average is mentioned is normally mean the mean which is the average value in a set of numbers is the middle value, calculated by dividing the total of all the values by the number of values.

When we need to find the average of a set of data, we add up all the values and then divide this total by the number of values.