In: Math
Mean
In sports : You can see a batting average (MEAN) of a batsman in a Cricket Game... In a baseball game too you can see the batting averages (MEAN) of batsmen.. Your final grade of your course should be in mean (may be in weighted mean)
Median
When the average income for a country is discussed, the median is most often used because it represents the middle of a group.
Another example is, suppose that your friend have cases of severe asthma throughout the year and the first 9 months you have 150 cases and the last three months you have 600 cases. If you took the mean, you'll see that the last two months influence the data in serious manner. However, the median can help you to bypass that problem as 150 cases would be a more reliable value in terms of average cases..
Mode
Please imagine you live in a town where most of people are work in a factory. They all are getting minimum wages. The factory owner is also living there where his monthly slarary is millions of dollars.. If you want to compare the economic status of your town with your friend, then MODE is the best measure of money here, since mean is affected by the extreme value of the owner...
Another example of MODE is :
Think about a shoe selling company... If you want to know which inch shoes are profitable then MODE is ready to help you...
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