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Tutorials and Fundamentals

The 3 defects of the median

Median has come to be known for its fair reflection in the case of outliers. However, it is not a perfect statistic. Let me tell you about 3 defects the median as a measure of average.

Tutorials and Fundamentals
Finding the right average

The mean: simply average?

As calculating the mean is so popular it might lead to many intuitive misconceptions. Here are some precautions you can take when interpreting the mean.

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