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Economics · Ch 5 — Measures of Central Tendency

Relative Position of Arithmetic Mean, Median and Mode

5.6

Relative Position of Arithmetic Mean, Median and Mode

For a given distribution the three averages usually stand in a fixed order relative to one another. Writing arithmetic mean =Me= M_e, median =Mi= M_i and mode =Mo= M_o, their relative magnitudes are:

Me>Mi>MoorMe<Mi<MoM_e > M_i > M_o \qquad \text{or} \qquad M_e < M_i < M_o …