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Target Market Analysis: Mean, Median and Mode

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Averages are commonly used in the business and analyzing of the target market. First, you need to understand the 4 types of averages: the Mean, Mode, Median and Range.  The Mean is best to find the average number of clients visiting your department store. The online mean calculator can be good for free online help for businesses. Mode is used to find the common number of products purchased on a particular day. The Median can be used to find the average number of products sold in a month.

The Range is used to find the number of clients in a particular market and the distortion in the marketplace. You can say that averages are one of the most used statistical tools, and their application is vast in the field of business and commerce. The average value calculator is best for finding the Mean, Mode, Median and Range of statistical data. This is used to find the nature of a target market and to determine the dynamics of the marketplace.

Now, We learn the applications of the various types of the average in businesses and commerce.

What is the mean in algebra?

The Mean can be used to find the average number of clients in a particular Month. For example, if you have data for 12 months of the year and want t extract the average number of consumers each month. The mean generator can be used to find the mean values.

Jan Feb Mar April May June July Aug Sep Oct Nov Dec
4000 4100 4400 4300 4500 4400 4300 4000 4200 4000 4100 4200

Now add all the numbers of visited consumers in the 12 months as follows:

Mean  Average Consumer per month = [Total consumers visited/Total Number of months] =[(4000+4100+4400+4300+4500+4400+4300+4000+4200+4000+4100+4200)/12]

= [50500/12]

Mean  Average Consumer per month = 4208.333

The average numbers calculator commutes all the values of the Means in a matter of seconds.

The Utilization of the Mode:

The Mode is used to find the most repeating values in our statistical data, and the simple online mean calculator assists in finding the mode values.

Jan Feb Mar April May June July Aug Sep Oct Nov Dec
4000 4100 4400 4300 4500 4400 4300 4000 4200 4000 4100 4200

Consider the statistical data:

Value Frequency
4000 3 (25%)
4100 2 (16.666666666667%)
4400 2 (16.666666666667%)
4300 2 (16.666666666667%)
4500 1 (8.3333333333333%)
4200 2 (16.666666666667%)

The online mean calculator indicates that 4000 appears 3 times in the data, and it is the mode or the most repeating value of our dataset. You can find the Mode to find the most repeating value in the marketplace; this can be quite useful in scanning the marketplace.The analysis of the target market is essential to make our planning up to mark and enable us to beat our competitors.

The Utilization of the Median:

The Median value finds pinpoint segregation of the data; the online mean calculator would be used to find the Median of our dataset values.

Jan Feb Mar April May June July Aug Sep Oct Nov Dec
4000 4100 4400 4300 4500 4400 4300 4000 4200 4000 4100 4200

Median = 4000, 4000, 4000, 4100, 4100, 4200, 4200, 4300, 4300, 4400, 4400, 4500

Median = 4200

The Median values of the current dataset is the 4200

What is the Range?

The range of the dataset values is the dispersion of the data and the size of the target market. The online mean calculator displays the following Range of the dataset values:

Jan Feb Mar April May June July Aug Sep Oct Nov Dec
4000 4100 4400 4300 4500 4400 4300 4000 4200 4000 4100 4200

Range of the Consumer= (Biggest – Smallest)

Range of the Consumer=(4500-4000)=500

Conclusion:

The average values of the Mean, Median, Mode and Range are great estimations to find the nature of the Target Market. The analysis of the Target Market is essential to formulate the decision-making. You can determine the various alternatives to decision-making if you have extracted the result from the average calculator. This result would clear the picture and the scenario of the target market and competitors analysis. You can determine the SWOT(Strengths, Weaknesses, Opportunities, and Threats) of the marketplace.

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Lagos Police Investigates Ammunition Package Delivery to First Bank MD

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Oluwasegun Alebiosu First Bank MD

By Adedapo Adesanya

The Lagos State Police Command is investigating the delivery of a parcel containing live ammunition delivered to the managing director of First Bank Nigeria, Mr Oluwasegun Alebiosu.

The Commissioner of Police, Lagos State command, Mr Tijani Fatai, confirmed the incident on Tuesday during a press briefing at the command headquarters.

He said Mr Alebiosu reported the case on May 7, noting that two rounds of 7.62mm live ammunition were sent to him through a parcel.

“The managing director reported the matter to the police after a package containing two rounds of 7.62mm live ammunition was delivered on his behalf by his security guard at his residence. The case is still under investigation, and we are treating it with the seriousness it deserves,” he said.

According to him, the parcel was first received by the bank chief’s security guard, who then handed it over to him.

The police commissioner said that operatives have launched an investigation, including forensic analysis and intelligence work, to identify the perpetrators and the circumstances of the incident.

He added that no suspect linked to the crime has been brought into custody.

“Presently, no suspect is in custody. Even though the MD has mentioned some people whom he suspected of being the brains behind it, that is his suspicion, anyway. We are still working on it,” he said.

Mr Fatai noted that detectives are reviewing information provided by the complainant, including details of individuals who may have relevant knowledge of the incident.

He assured the public that the command would keep them informed as the investigations go on, adding that the public should allow the police to carry out their duties.

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Makinde Imposes 16-Hour Curfew in 10 Oyo Local Councils Over Insecurity

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makinde tests positive

By Adedapo Adesanya

The Governor of Oyo State, Mr Seyi Makinde, has approved the declaration of a 16-hour curfew in 10 local government areas of the state, as part of measures targeted at tackling insecurity.

According to a memo issued by the Secretary to the State Government, Mr Musibau Babatunde, the curfew takes effect from Wednesday, June 24, 2026.

The movement restriction, between 4 pm and 8 am, lasts for 48 hours in the first instance and affects local government areas bordering the Old Oyo National Park.

The affected local councils are Oriire local government (Headquarters: Ikoyi-Ile), Orelope (Headquarters: Igboho), Irepo (Headquarters: Kisi), Saki West (Headquarters: Saki), Saki East (Hq Ago-Amodu), Atisbo (Headquarters: Tede / Ago-Are), Itesiwaju (Headquarters: Otu), Iseyin (Headquarters: Iseyin), Olorunsogo (Headquarters: Igbeti), and Atiba (Headquarters: Offa-Meta, Oyo).

The development followed a series of protests that rocked the state over the abduction of children and teachers in the Orire Local Government Area in May.

The National Coordinator of the movement, Mr Juwon Sanyaolu, who spoke during the latest protest held on Monday, said the demonstration was part of ongoing efforts by the group to push for the freedom of the victims.

According to him, the protest “is a continuation of actions the organisation has embarked upon since the abduction of children and teachers” in the Orire Local Government Area of Oyo State in May.”

“We will continue to protest for the release of all abducted victims until they are free. We believe that government officials are in the comfort of their rooms and offices while innocent 46 students and their teachers are languishing in the kidnappers’ den.

“We are demanding freedom for all captives in the North, South, West, and East of Nigeria,” Mr Sanyaolu said.

He also criticised political leaders for focusing on preparations for the 2027 elections while insecurity continues to threaten the lives of Nigerians.

“We will not be sitting until 2027. By that time, we won’t even know how many will be alive.

“So that is why we are at the heart of Ibadan in Oyo State, where the abduction took place. The state and federal governments must act, or they will continue to witness mass action,” he added.

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Alleged Wiretapping: El-Rufai to File No-Case Submission as DSS Closes Case

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By Adedapo Adesanya

The Department of State Services (DSS) has closed its case against former Kaduna State Governor, Mr Nasir El-Rufai, in the ongoing alleged wiretapping trial before the Federal High Court in Abuja.

At the resumed sitting on Tuesday, prosecuting counsel, Mr Oluwole Aladedoye, informed the court that the prosecution would not be calling further witnesses in the matter, prompting the formal closure of the DSS case.

Following the development, defence counsel, Mr Paul Erokoro, told the court that the defence intends to file a no-case submission, arguing that the prosecution has failed to establish sufficient evidence against the former governor.

The defence subsequently sought two weeks to file the application, while the prosecution requested two weeks to respond.

The defence also applied for a variation of some of the bail conditions earlier granted to El-Rufai, describing them as stringent and difficult to meet.

They argued that the bail terms were too stringent, particularly the requirements for level 17 civil servants with properties in Maitama or Asokoro, as well as verification and attestation letters from the Kaduna state traditional council.

However, the prosecution opposed the request, insisting that qualified public officers who meet the conditions exist and urging the court to refuse the application.

Delivering the ruling, Justice Joyce Abdulmalik declined the request to vary the bail conditions, ruling that there are civil servants who own properties at the said location.

The court, however, adjourned to September 22 for the filing of the no-case submission and continuation of the trial.

In February, the federal government filed a three-count charge against the former governor of Kaduna State over an alleged interception of communications belonging to Nigeria’s National Security Adviser (NSA), Mr Nuhu Ribadu.

In a television interview, he confessed that he and other unnamed individuals listened to conversations from Mr Ribadu’s phone after it was tapped by a third party. While acknowledging that such interception is technically unlawful, he argued that illegal surveillance was not unusual.

However, the FG, through the secret police, filed charges against Mr El-Rufai at the Federal High Court in Abuja.

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