Median formula
- how is median calculated
- how is median calculated in statistics
- how is median calculated in excel
- how is median calculated graphically explain
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Median in Statistics
Median is defined as the middle term of the given set of data if the data is arranged either in ascending or descending order.
Example: Suppose we have the height of 5 friends as 167 cm, 169 cm, 171 cm, 174 cm, 179 cm.
Now clearly observing the data we see that 171 cm is the middle term in the given data thus, we can say that the median height of the friends is, 171 cm.
In this article, we will learn about the median, its formula for grouped and ungrouped data, examples of median, and others in detail.
Median Definition
Median is the middle value of the dataset when arranged in ascending or descending order.
If the dataset has an odd number of values, the median is the middle value. If the dataset has an even number of values, the median is the average of the two middle values.
What is median in statistics with exampleA median divides the data into two halves. Median is among one of the three measures of central tendency and finding the median gives us very useful insight into the given set of data.
The three measures of the central tendency are,
Read more on Mean and Mode.