How to calculate Median?, Basic Statistics

Assignment Help:

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.

 

 


Related Discussions:- How to calculate Median?

TIME SERIES, Graphical representation of freehand and semi average method

Graphical representation of freehand and semi average method

I want expert opinion, hi i just want to knw my husband done b.com n doing ...

hi i just want to knw my husband done b.com n doing job as a accountant in private firm can u suggest me it is better for my husband to do m.ba or either some professional course

Project, impact of cost accounting technique in organizational performance

impact of cost accounting technique in organizational performance

Financial accounting, During October, Alcorn Company had 81,250 of cash rec...

During October, Alcorn Company had 81,250 of cash receipts and 83,688.00 of cash disbursements. The October 31 cash balance was 14,060. Determine how much cash the company had at

Amortized cost , Amortized cost The par value of its decision enhanced or ...

Amortized cost The par value of its decision enhanced or lowered by any unamortized top quality or lower price.

Cumulative frequency, how would we find cumulative frequency for the median...

how would we find cumulative frequency for the median of discrete series

Accounting standards in europe, Accounting Standards in  Europe  countr...

Accounting Standards in  Europe  countries:   Europe has seen the maximum progress in having developed its accounting standards. In 2000, a document was published by the Europe

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd