Question

what is the use of median in bussines​

Answer 1

Answer:

The median is, IMHO, a better measure of the middle when there are extreme measures in the data set. Most government statistics use median rather than average. For example median home prices. For example 5 houses are sold for the following amounts: 25, 27, 27, 29, and 250

Answer 2

Answer:

The median is, IMHO, a better measure of the middle when there are extreme measures in the data set. Most government statistics use median rather than average. For example median home prices. For example 5 houses are sold for the following amounts: 25, 27, 27, 29, and 25

Step-by-step explanation: