Economy, asked by aryaabhisri2345, 11 months ago

State the four flaws of median.

Answers

Answered by tdxjubair918
1

Answer:

1. Even if the value of extreme items is too large, it does not affect too much, but due to this reason, sometimes median does not remain the representative of the series.

2. It is affected much more by fluctuations of sampling than A.M.

3. Median cannot be used for further algebraic treatment. Unlike mean we can neither find total of terms as in case of A.M. nor median of some groups when combined.

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4. In a continuous series it has to be interpolated. We can find its true-value only if the frequencies are uniformly spread over the whole class interval in which median lies.

5. If the number of series is even, we can only make its estimate; as the A.M. of two middle terms is taken as Median.

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