Advantages and disadvantages of median
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Advantages of median:
i)It is very simple to understand and easy to calculate.
ii)It is grouped frequency distribution it can be graphically located by drawing ogives.
Disadvantages of median:
i)It is a less representative average because it does not depend on all the items in the series.
ii)It is affected more by sampling fluctuations than the mean as it is concerned with only one item i.e the middle item.
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ItsSahil002:
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ADVANTAGES OF MEDIAN :-
- Easy.
- Definite.
- No effect of extreme values.
- Real value.
- Graphical presentation possible.
DISADVANTAGES OF MEDIAN :-
- Lack of presentation.
- Unreal.
- Lack of algebraic testing.
⇒ Median used for the study of qualitative value.
⇒ Value dividing a series in more than two parts is called partition value.
⇒ Value dividing series into two parts is called median.
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