Course Content
Probability Theory Basics
4. Commonly Used Continuous Distributions
5. Covariance and Correlation
Probability Theory Basics
Mean or Median?
Mean and median are very similar; both determine the mean value of the sample and allow us to conclude the sample of numbers at all. Are there any differences between the terms? Look at the example of finding the mean and median of the salaries of IT specialists; look at the last with the highest salary.

Conclusion
The mean value is susceptible to extremely small or high values compared to the median. So, if we know that the values in a sequence aren't similar, it is better to use the median. In our example, the mean value is twice higher as the median; the median looks more truly.
Choose lists where the mean and the median value will differ dramatically.
Select a few correct answers
Everything was clear?