The middle or mid value is easy to find....it is what it sounds like. If you have a group of numbers, you identify the largest and smallest, and then calculate the halfway point (largest # - smallest #). Then, from your group of numbers, identify the number closest to the number you came up with. If you are seeking a mid value from only two numbers, just subtract the smaller from the larger number and that's your answer.
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To find the critical value in statistics, it requires a hypothesis testing. Using the critical value approach can also be helpful in this matter.
Both median and mode are the statistics formulas, Median is called mid value of the given data and mode is the value which occure repetedly in the given data.
It is the value that occurs most often in a set of data.
Central tendency is important in statistics. It allows individuals to find a representative value, to condense data, and to make comparisons.
In statistics, letter such as; a,..x..,z, is a variable used to represent an unknown value.