Home › Calculators › Mean, Median and the Spread Behind a Bar
Opens on Chapter 13’s example: Tobias’s eleven repair bills, one of them a $900 restoration.
How it works
The mean is the total ÷ the count; the median is the middle value once sorted. One huge value drags the mean but barely moves the median. The standard deviation measures the typical distance from the mean; 1.96 × SD ÷ √n is a rough 95% margin for the mean. Averaging two group averages ignores their sizes; weight each by its size instead.
Rounding is half up, the way the book rounds. Numbers can be typed as 1,450, $38, 12% or 2.5 million. Everything stays in your browser: no sign-up, nothing stored or sent.