How to calculate Median?, Basic Statistics

Median

The median describes the value of the middle term in data. The data set must be ranked first in increasing order before the middle value is identified. The median separates the ranked data into two subsets of equal size.

Example 

Calculate the median of the given data:

25 30 18 24 29

Solution:

Sort the data : = 18,24,25,29,30 . So the middle of the data is the (5+1) / 2 = 3 rd term of the data; that is 25.

 

 

Posted Date: 7/19/2012 8:47:39 AM | Location : United States







Related Discussions:- How to calculate Median?, Assignment Help, Ask Question on How to calculate Median?, Get Answer, Expert's Help, How to calculate Median? Discussions

Write discussion on How to calculate Median?
Your posts are moderated
Related Questions
Research Assignment for Quantitative Methods 2 Purpose: To design, undertake and analyse research on a negotiated project, possible themes could be any one of the following:

Significant factors of financial accounting In financial accounting, The IASB and FASB considered that reconsidering all the ideas would not be a practical use of their underst

Depreciation Application procedure. Under this technique devaluation is incurred immediately to the Resources Consideration for example if 10% of devaluation is being incurred o

advantages and disadvantages of free hand in measurig trend

CBT has agreed to finance the needs of a stereo wholesaler for the next month. To complete the loan agreement, the wholesaler must estimate the cash on hand during the first 90 day

Impulse and Momentum Theorem   Impulse is known as the change in momentum of any object:  j  = Δ p   Momentum  is a product of the mass & the velocity of an object, and is a v

Advanced Equipment leased equipment to Richards Chemical, Inc. on 9/30/11. Advanced purchased the machine from Makers, Inc. at a cost of $6M. The 5-yr lease agreement calls for R

In order to derive meaningful results from the statistical tables the researcher may use one or more of the followings four steps: a.The first step is to calculate relevant meas

Fenn Museum, a nongovernmental not-for-profit organization, had the following balances in its statement of functional expenses: Education $300,000 Fundraising 250,000 Management an

What are the components of time series? Bring out the significance of moving average in analysing a time series and point out its limitations