Demerits and merit-the median, Mathematics

The median

Merits

i.  This shows the centre of a described set of data

ii.  Knowledge of the determination of the median may be extended to find out the quartiles

iii.  The median can simply be defined

iv. This can be acquired simply from the cumulative frequency curve

v.  This can be used in determining the degrees of skew ness

Demerits

i.  In some conditions where the number of observations is even, the value of the median obtained is generally imaginary

ii. The computation of the median by using the formulas is not well understood by most businessmen

iii. In business environment the median has obtained very few applications

Posted Date: 2/16/2013 6:30:47 AM | Location : United States







Related Discussions:- Demerits and merit-the median, Assignment Help, Ask Question on Demerits and merit-the median, Get Answer, Expert's Help, Demerits and merit-the median Discussions

Write discussion on Demerits and merit-the median
Your posts are moderated
Related Questions
Ravi is a teacher of Class 4 in a municipal school in Delhi. When the new school year started, he opened the textbook and started teaching the children how to write 4-digit numbers

Q. Define histogram? Ans. A histogram is a bar graph that gives the frequency of each value. Here are a few examples to illustrate the usefulness of this method of data r

The average age of a woman and her daughter is 16 years. The ratio of their ages is 7: 1. Then the woman''s age is

3. How are Indian customers visiting Shoppers’ Stop any different from customers of developed western countries? 4. How should Shoppers’ Stop develop its demand forecasts?

A 25 foot ladder just reaches the top of a house and forms an angle of 41.5 degrees with the wall of the house. How tall is the house?

One integer is two more than another. The sum of the lesser integer and double the greater is 7. What is the greater integer? Let x = the greater integer and y = the lesser int

x=±4, if -2 = y =0 x=±2, if -2 = y = 0

Power Series and Functions We opened the previous section by saying that we were going to start thinking about applications of series and after that promptly spent the section

Rachel had 3.25 quart of ice tea. her family drank 9 cups.How many cups are left

Standardizing Normal Variables Suppose we have a normal population. We can represent it by a normal variable X. Further, we can convert any value of X into a corresponding valu