Is Average and Mean the Same?
Mathematically, Average and Mean are same. The basic formulas used to calculate average and mean are also the same. We can even say that average is the mean of the given data and mean is the average of the given dataset. However, the difference between them lies in context in which they are use.
The term Average is used to estimate an approximate value of a given data in general purpose, it may be weight of students of a class, number of cars crossing a traffic signal, water intake by a person or maybe similar things. However, the use of word in “Mean” is specifically used in the context of statistics. Mean is specifically used to represent the average of the statististical data which may be share price variation of a company, population statistics of a country, agriculture production data etc. Mean is of the tool to find the central tendency of the given dataset.
Difference between Average and Mean
Average and Mean, both have their significance in mathematics. Average and mean are considered to be similar but they have different meanings associated with them. There are different situations in our day-to-day lives, where we use the terms ‘mean’ and ‘average’ interchangeably. We use the word “Average” for any situation where we have to give a lump sum or approximate idea of a value. However, the word “Mean” is specifically used in the context of data in statistics. Both Average and Mean can be calculated by taking the sum of the given data and then dividing it by the total number of data.
In this article, we will explain both the terms mean and average and the difference between mean and average followed by solved problems on mean and average. At the end of the article, we will have some practice problems and FAQs related to mean and average.
Table of Content
- What is Average?
- What is Mean?
- Is Average and Mean the Same?
- Average vs Mean
- Solved Examples on Average & Mean
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