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Frequently Asked Questions
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Statistical Minimum of a set of numbers is the lowest value of the set of numbers.

Statistical Maximum of a set of numbers is the highest value of the set of numbers.

Statistical Range of a set of numbers is the highest value of the set of numbers minus the lowest value of the set of numbers.

Statistical Mean of a set of numbers is the sum of all of the set of numbers divided by the number of items in the set (also know as the Average).

Statistical Median of a finite set of numbers can be found by arranging all the observations from lowest value to highest value and picking the middle one. If there is an even number of observations, the median is not unique, so one often takes the mean (average) of the two middle values.

Statistical Mode is the value that occurs the most frequently in a set of numbers.

Statistical Variance is a measure of dispersion, averaging the squared distance of its possible values from the expected value (mean). Whereas the mean is a way to describe the location of a distribution, the variance is a way to capture its scale or degree of being spread out.

Statistical Standard Deviation is a simple measure of the variability or dispersion of a set of numbers. A low standard deviation indicates that the numbers tend to be very close to the same value (the mean), while high standard deviation indicates that the numbers are spread out over a large range of values.

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