When the observations are arranged in ascending or descending order of magnitude, then the middle value is known as median of these observations. Let x1, x2 ….xn be n observations arranged in the ascending order of magnitudes. Median is defined as the ‘middle most’ term, that is, the value of x at the position n+1/2, […]
How is Median Calculated? | Central Tendency | Statistics
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How to Find the Median (With Formula, Examples, Merits and Demerits)
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Median is the middle value in a distribution. It is a positional average. Median divides the data into equal halves, wherein 50 percent of the values lie below the median and 50 percent of the values lie above the median. Before determining the middle value, the observations have to be arranged in an ascending or […]