Question

What is meant by median ?​

Answer 1

In Probability Theory and statistics ,the median is a number . This number has the property that it divides a set of observed values into equal values, so that half of the values are below it and half hour above .If there is an odd number of values the median is the one at position .

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Answer 2

(I) Median is the positional average.

(II) It is the partition value ,that devides

a series into 2 equal part.

(III)It is denoted by the symbol(M) .

(IV) It can be calculated by help of given formula(M)=value of ( n+1 )/2 th item