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
Consider an election with 721 voters. A) If there are 5 candidates, at least x votes are needed to have a plurality of the votes. Find x. B) Suppose that at least 73 votes are n

A manufacturer assures his customers that the probability of having defective item is as 0.005. A sample of 1000 items was inspected. Determine the probabilities of having the give

Consider a class of 55 students. The student names are placed in a hat and 3 names are randomly drawn without replacement. a) If the first person drawn was named the class presi

In the introduction of this section we briefly talked how a system of differential equations can occur from a population problem wherein we remain track of the population of both t

Example   Given the graph of f(x), illustrated below, find out if f(x) is continuous at x = -2 , x = 0 , and x = 3 . Solution To give answer of the question for each

i am a student of class 10 and need help for making my project on shares and dividend

f(x)=x^2-5x+6, determine inverse of f(x)!

The manager of a specialty store marks up imported products 110%. If a vase imported from Italy costs him $35, what price tag will he put on the item? To ?nd out the price he s

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

6987+746-212*7665