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

PROOF OF VARIOUS LIMIT PROPERTIES In this section we are going to prove several of the fundamental facts and properties about limits which we saw previously. Before proceeding


Graph  ( x + 1) 2 /9 -( y - 2) 2 /4 =1 Solution It is a hyperbola. There are in fact two standard forms for a hyperbola.  Following are the basics for each form. H


how to multiply 8654.36*59

1.   The length of a rectangle is 2 times its width.  The area of the rectangle is 72          square inches. Find the dimensions of the rectangle.   2.   The length of a rec

Mrs. Farrell's class has 26 students. Just 21 were present on Monday. How many were absent? Subtract the number of students present from the total number within the class to de

Wendy has 5 pairs of pants and 8 shirts. How many different combinations could she form with these items? Multiply the number of choices for each item to find out the number of

Tchebyshev Distance (Maximum Travel Distance per Trip Using Rectilinear Distance): It can be calculated by using following formula: d(X, Pi) = max{|x - ai|, |y - bi|} (Source