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the median level of appraisal is the median appraisal
ratio of a reasonable and representative sample of properties in an
appraisal district. An appraisal ratio is the ratio of a property's
appraised value as determined by the appraisal office or appraisal
review board, as applicable, to:
(1) the appraised value of the property according to
law if the property qualifies for appraisal for tax purposes
according to a standard other than market value; or
(2) the market value of the property if Subdivision
(1) of this subsection does not apply.
(c) The median appraisal ratio for a sample of properties
is, in a numerically ordered list of the appraisal ratios for the
properties:
(1) if the sample contains an odd number of
properties, the appraisal ratio above and below which there is an
equal number of appraisal ratios in the list; or
(2) if the sample contains an even number of
properties, the average of the two consecutive appraisal ratios
above and below which there is an equal number of appraisal ratios
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What is the median American income?
The median American income level is measured by the government and other organisations annually. The median American income level in 2011 is stated to be $50,502. This was a slight drop from the 2010 level of $51,144.
Which level of measurement is required for median?
interval
What is the critical level of a backflow preventer?
the critical level of a backflow preventer is the point at which the outgoing pressure exceeds the incoming pressure
Which level of measurement is required for the median?
It can be computer for ordinal level data or higher. It is NOT effected by extremely large or small numbers
Why is arithmetic mean superior to mode and median?
It is not: it may be better in some circumstances. The arithmetic mean and median are totally useless if the data are categoric. Think about a class of pupils recording what their favourite movie is and - unless they all choose the same film - try and figure out what the arithmetic mean or median could mean! There are also situations - particularly with highly skewed data - where the median is a superior indicator of the central tendency compared with the mean. Having said that, the arithmetic mean has some very important statistical properties and it has been studied extensively so there is a lot of information about it. It is beyond the scope of this site but if you are really interested you might want to read about the Central Limit Theorem. Warning: it is basic university level stuff.
