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
Probability -Probability is an extremely popular concept in business management. Since it covers the risks such may be included in certain business situations. This is a fact

Sample Space is the totality of all possible outcomes of an experiment. Hence if the experiment was inspecting a light bulb, the only possible outcomes


Solving Algebraic Word Problems: What are the capacities of two water storage tanks in a nuclear facility if one holds 9 gallons less than three times another, and their whole

It is difficult to produce the individual answers and the insights that they were providing. But, let's look at some broad patterns that we found, which are similar to those that o

write in factor form 9x3+9x5

prove that the composition of two simple harmonic of the same period and in the same straight line is also a simple harmonic motion of the same period.

what is the difference between North America''s part of the total population and Africa''s part

19 times 5

Megan bought x pounds of coffee in which cost $3 per pound and 18 pounds of coffee at $2.50 per pound for the company picnic. Find out the total number of pounds of coffee purchase