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?

Find the invariant probability, Problem 1 . Let X 0 ;X 1 ;X 2 . . . be a Ma...

Problem 1 . Let X 0 ;X 1 ;X 2 . . . be a Markov chain with state space f1; 2g and transition probabilities given as follows: p 11 = 0:3; p 12 = 0:7; p 21 = 0:5; p 22 = 0:5:

Define appraisal, Define appraisal (1) The act of evaluating. (2) The appr...

Define appraisal (1) The act of evaluating. (2) The approximated value as a result of such measures. Talk about APPRAISE

Calculate operational variances -planning variances, You have recently join...

You have recently joined XYZ, an international company that produces a wide range of office supplies and stationary goods. In your new role as Group Management Accountant your firs

Modules of probability and statistics, Question: (a) Suppose that 100 t...

Question: (a) Suppose that 100 tires made by Bridgestone last on average 21,819 miles with a standard deviation of 1,295 miles. Test the null hypothesis µ = 22, 000 miles again

Clearing account, Clearing account An account used to build up entire char...

Clearing account An account used to build up entire charges, credits so that they can be disseminated later amongst the accounts to which they are allocable, so that the net diffe

Co-relation, Co-relation: Co-relation in this case studies the behavior how...

Co-relation: Co-relation in this case studies the behavior how each of the investment opportunity would react to any event vis – a vis each other. The same is measured in terms of

Qualitative features of financial, Conceptual Structure has also resolved s...

Conceptual Structure has also resolved several issues which were uncertain by sales expectations for some time. Activities and dealings that can't be worked by designed financial s

Cash flow analysis, Cash flow analysis In financial sales, an income rep...

Cash flow analysis In financial sales, an income report, also known as report of money runs or funds circulation report is a financial report that shows how changes in stability

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