# Mean, Median and Mode

*Math & Statistics — Finicade finance glossary*

Three ways to name the 'typical' value: the mean (average), the median (middle) and the mode (most common). They can differ sharply when data is skewed — which is exactly when knowing the difference matters.

**Related terms:** [Expected Value](https://finicade.com/glossary/expected-value), [Standard Deviation](https://finicade.com/glossary/standard-deviation)

Source: https://finicade.com/glossary/mean-median-mode