Question

Define median, how is it computed? What are it's merits and demerits.

Answer 1

Answer:

Merits of Median and Demerits. Merits of Median : Median is the middle value of the distribution i.e median of a distribution is the value of the variable which divides it into two equal parts. It is the value of the variable such that the number of observations above it is equal to the number of observations below it.

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Answer 2

median is denoting or relating to a value or quantity lying at the midpoint of a frequency distribution of observed values or quantities, such that there is an equal probability of falling above or below it. a straight line is drawn from any vertex of a triangle to the middle of the opposite side.

The difference between merits and demerits is that merits are the strengths of anything be it a policy,law, agreement, action.