fintech-algorithms
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Median and Mode

Install and import#

bash
npm install fintech-algorithms
ts
import { medianAndMode } from "fintech-algorithms/financial-mathematics-statistics-and-data-foundations/location-ranking-and-exploratory-summaries/median-and-mode";

Signature#

medianAndMode(input)

Worked example#

verified This is the worked example published in the article, replayed by the test suite on every run. The output cannot drift.

Input#

input
{
  "values": [1, 2, 2, 4, 9],
  "weights": [1, 1, 2, 1, 1],
  "trimProportion": 0.2,
  "bins": 4
}

Call#

medianAndMode(input)

Returns#

object with 2 fields: median, modes

{
  "median": 2,
  "modes": [2]
}

Diagrams#

Median and Mode — article hero
Median and Mode — calculation ledger
Median and Mode — comparison map
Median and Mode — concept anatomy
Median and Mode — mistake contrast
Median and Mode — scenario map

How it works#

This page states the contract — how to call it correctly. The article explains the concept: why it works, and where it breaks.

Read the article →

References#

  • Measures of Location
  • Historical-example decision

The rest of the Location, Ranking, and Exploratory Summaries family#