9. Median | Continuous Series | Statistics | Niraj Pandey

In statistics, the median is a measure of central tendency that represents the middle value of a dataset when it is ordered from least to greatest. It divides the dataset into two equal halves: one half contains values greater than or equal to the median, and the other half contains values less than or equal to the median.

To find the median:

Arrange the data in ascending order: If the dataset has an odd number of values, the median is simply the middle value. If the dataset has an even number of values, the median is the average of the two middle values.

Identify the middle value or values: If there's an odd number of values, there will be a single middle value. If there's an even number of values, there will be two middle values.

Calculate the median: For an odd number of values, the median is the middle value. For an even number of values, the median is the average of the two middle values.

The median is often used instead of the mean (average) when the data is skewed or contains outliers, as it is less sensitive to extreme values. It provides a better representation of the "typical" value in the dataset in such cases.
Join and get free PDFs!
Method 01:
Just click on the given Telegram link and join!
or
Method 02:
Go to your browser (Google Chrome or something) and manually type the URL given below, and join!

Sampling Techniques:

For more queries,
Contact us on WhatsApp: [phone]

Subscribe to STUDY COMMERCE
#Median #Statistics #STUDYCOMMERCE