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**Mean**(or arithmetic**mean**) is a type of**average**.**It**is computed by adding**the**values and dividing by**the**number of values.**Average**is a synonym for arithmetic**mean**- which**is the**value obtained by dividing**the**sum of a set of quantities by**the**number of quantities in**the**set.In respect to this, how are median and average different?

The

**mean**, sometimes called the arithmetic**mean**, of this set is 33. The**mean**is the sum of all the numbers in the set (167) divided by the amount of numbers in the set (5). The**median**is the middle point of a number set, in which half the numbers are above the**median**and half are below.Is the average and median the same thing?

**mean**is kind of the

**average**of some numbers given and it is found out by adding the given numbers then dividing it by the no: of numbers given. but

**median as**its name suggest is the middle value . In the above given entries 4 is the

**median**and the

**mean**or

**average**is 5. they are not the

**same**.

What is the difference between average and median household income?

**Median income**is the amount which divides the

**income**distribution into two equal groups, half having

**income**above that amount, and half having

**income**below that amount.

**Mean income**(

**average**) is the amount obtained by dividing the total aggregate

**income**of a group by the number of units in that group.