<ul data-eligibleForWebStory="false"><li>Mean (Average) is calculated by adding all values and dividing by the total number of values. It can be distorted by outliers, as seen in the example provided.</li><li>Median represents the middle value when data is sorted and is not affected by outliers.</li><li>Mode is the most frequently occurring value in a dataset.</li><li>Understanding when to use mean, median, or mode depends on the nature of the data: use mean for clean data, median for data with outliers, and mode for identifying the most frequent value.</li></ul>

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