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 ...

Understanding mean, median, mode and range is essential to be able to compare sets of data. Watch the video to hear Steph, a sports coach, talk about why collecting and comparing data is useful and ...

Americans in different stages of life have significantly different net worths. Here is what you need to know about the mean and median net worth of people by age group. Net worth is one way to ...

Forbes contributors publish independent expert analyses and insights. A former Dallas Fed president, I cover the economy. The post-election analysis on TV this morning included a brief discussion of ...