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What are the uses of median?

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โˆ™ 2014-05-11 14:54:26

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When someone asks a for an "average" value, that can mean a couple of different things. "Mean," "median," and "mode" are all values that are used to relate what the "center" or "average" of a distribution of values is. Each one has their advantages and disadvantages.

The median is the value that divides the distribution exactly into halves - 50% is below it, and 50% above it. The median may not actually occur in the distribution, but it is the "balance point" of the distribution.

The main advantage of the median is that it is not affected by outliers as the mean is and the mode can be. In distributions with a clear skew, such as housing prices or wages, using the median provides a much better estimate of what the "average" is.

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Domenico Schumm

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โˆ™ 2022-09-30 16:49:44
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What job uses mean median mode?

Lots, for example a statistician, or a scientist presenting results.


How do you find th number missing if the median is 104?

The median uses the position of the data rather than their actual values. As a result, in general, you will only be able to determine whether the missing value is greater than or less than the median.


What is the median of 1 3 5 9 10?

The median is 5.The median is 5.The median is 5.The median is 5.


Uses of medianmodemean in daily life?

mean (average) temperature median income, mediian home prices, salary, etc. mode is the most likely occurence of an event. If the distribution of outcomes is symmetrical, then mean median mode


How do you spell median?

MEDIAN


What is the median of the set of numbers 2 41 33 24 38 6 28 14 29?

The median is 28.The median is 28.The median is 28.The median is 28.


What does the MEDIAN function do in Excel?

The median is a form of average. It finds the middle value of the list of values in numerical order if there is an odd number of values. If there is an even number of values, if uses the value halfway between the two middle values.The median is a form of average. It finds the middle value of the list of values in numerical order if there is an odd number of values. If there is an even number of values, if uses the value halfway between the two middle values.The median is a form of average. It finds the middle value of the list of values in numerical order if there is an odd number of values. If there is an even number of values, if uses the value halfway between the two middle values.The median is a form of average. It finds the middle value of the list of values in numerical order if there is an odd number of values. If there is an even number of values, if uses the value halfway between the two middle values.The median is a form of average. It finds the middle value of the list of values in numerical order if there is an odd number of values. If there is an even number of values, if uses the value halfway between the two middle values.The median is a form of average. It finds the middle value of the list of values in numerical order if there is an odd number of values. If there is an even number of values, if uses the value halfway between the two middle values.The median is a form of average. It finds the middle value of the list of values in numerical order if there is an odd number of values. If there is an even number of values, if uses the value halfway between the two middle values.The median is a form of average. It finds the middle value of the list of values in numerical order if there is an odd number of values. If there is an even number of values, if uses the value halfway between the two middle values.The median is a form of average. It finds the middle value of the list of values in numerical order if there is an odd number of values. If there is an even number of values, if uses the value halfway between the two middle values.The median is a form of average. It finds the middle value of the list of values in numerical order if there is an odd number of values. If there is an even number of values, if uses the value halfway between the two middle values.The median is a form of average. It finds the middle value of the list of values in numerical order if there is an odd number of values. If there is an even number of values, if uses the value halfway between the two middle values.


What is an ouutlier effect on the median?

An outlier pulls the median towards it. For example 1,2,3 Median=2 1,2,3,7 Median=2.5


What is the median of 91011121516?

The median is 1.


What is the median of 59?

it doesnt have a median.


Is Median an outlier?

No, median is not an outlier.


What is the median of 4.4.5.6.6.4.8.7.8?

The median is 6

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