the median is a value of which half of all the values are less than, and half of all the values are greater than.
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.
Yes, an observation that is abnormally larger or smaller than the rest of the data can significantly affect the mean, as it will pull the average towards that extreme value. However, the median and mode are less influenced by outliers, as they are not as sensitive to extreme values. The median is the middle value when the data is arranged in order, so outliers have less impact on its value. The mode is the most frequently occurring value, so unless the outlier is the most common value, it will not affect the mode.
It is the largest value less the smallest one.
The median is 5, because two values (2 and 2) are less than 5, and an equal number of values (8 and 9) are greater than 5. Generally speaking, the median is more informative than the average (mean), although a proper calculation of a "typical value" of a list of values depends on what the typical value will be used for.
the median is a value of which half of all the values are less than, and half of all the values are greater than.
The mean is used to measure the average of a set of values, especially when the data is normally distributed. The median is used to find the middle value of a dataset when there are extreme values or outliers present, as it is less affected by extreme values.
The middle value so half the data is above it and half the data is below it. It is often used because extreme values tend to affect it less than other measures of central tendency. If you have an even number of data points, the median is the mean of those two points. ( So you add the two values and divided by two)
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.
The median, by definition, tells you the "half way point" of your data. Exactly half of the observations in the dataset will be less than the median and half will be greater than the median.
When the data distribution is negatively skewed.
No they do not (or at least they have less of a significant impact) and this is the benefit of using the median average over the mean average.
The term median refers to an average value indicated by the middle number or numbers in a series. It can be different from the "mean", which is the average value found by adding the numbers and dividing.Where there is an odd number of values, the median is the central (middle) value.For example, in the set [ 1, 2, 7, 50, 100 ] the median value is 7. There will be as many values less than the median as there are greater than the median. (if you have duplicate values, more than one may be equal to the median)Where there is an even number of values, the median is the mean (average) of the two central values. For example, in the set [ 1, 2, 7, 9, 50, 100 ], there are two central values, 7 and 9. The median would be 8, and again there will be as many values less than the median as there are greater than the median.To find the median : put your numbers in order by their value, and count the number of values. Divide the number of values by two to locate the center value or values. Where the number of values is even, add and average the two in the middle.Example : values [ 27, 18, 3, 99, 55, 1, 16 ]Ordered set : [ 1, 3, 16, 18, 27, 55, 99 ]Median : 18
A central tendency is a number that expresses something "central" about a sample of values (which could be test scores, temperatures, etc...). Measures of central tendency include the mean, the median, and the mode.The Mean is equal to the average of all the values. Thus, the Mean is equal to the sum of all the values (add them all up) divided by the total number of values in your set or sample. This average tells you nothing about what your highest and lowest values are (the range). However, ...The Median is equal to the the number which, if you were to arrange your values from lowest to highest, falls exactly in the middle of your distribution of values. So, if you have 41 values, for instance, the Median would be the 21st value, and there would be 20 values equal to or smaller than the Median, and 20 values equal to or larger than the median. If, on the other hand, there were 100 values, the median would be the average of the 50th and 51st values in the distribution. The median tells you nothing, however, about what values occur "most often" in your distribution. So....There is the mode, which is equal to the value which occurs most often in your distribution. Simply count how many times each of your values occurs, and the mode= the one that occurs most often. The following is an example of a distribution which is highly "skewed" meaning that there are differences between the mean, median and mode for the set of values being observed.MeanThe mean is the most commonly-used measure of central tendency. When we talk about an "average", we usually are referring to the mean. The mean is simply the sum of the values divided by the total number of items in the set. The result is referred to as the arithmetic mean.It is the best average of measures of central tendency.It is used in Stock exchange, Market to calculate the Mean (share) Price in the particular day.Sometimes it is useful to give more weighting to certain data points, in which case the MedianThe median is determined by sorting the data set from lowest to highest values and taking the data point in the middle of the sequence. There is an equal number of points above and below the median. For example, in the data set {1,2,3,4,5} the median is 3; there are two data points greater than this value and two data points less than this value. In this case, the median is equal to the mean. But consider the data set {1,2,3,4,10}. In this dataset, the median still is three, but the mean is equal to 4. If there is an even number of data points in the set, then there is no single point at the middle and the median is calculated by taking the mean of the two middle points.The median can be determined for ordinal data as well as interval and ratio data. Unlike the mean, the median is not influenced by outliers at the extremes of the data set. For this reason, the median often is used when there are a few extreme values that could greatly influence the mean and distort what might be considered typical. This often is the case with home prices and with income data for a group of people, which often is very skewed. For such data, the median often is reported instead of the mean. For example, in a group of people, if the salary of one person is 10 times the mean, the mean salary of the group will be higher because of the unusually large salary. In this case, the median may better represent the typical salary level of the group. ModeThe mode is the most frequently occurring value in the data set. For example, in the data set {1,2,3,4,4}, the mode is equal to 4. A data set can have more than a single mode, in which case it is multimodal. In the data set {1,1,2,3,3} there are two modes: 1 and 3.The mode can be very useful for dealing with categorical data. For example, if a sandwich shop sells 10 different types of sandwiches, the mode would represent the most popular sandwich. The mode also can be used with ordinal, interval, and ratio data. However, in interval and ratio scales, the data may be spread thinly with no data points having the same value. In such cases, the mode may not exist or may not be very meaningful.We have to findout Model value of the particular things.For example shoe Model size =Maximum no of persons used shoe size,likewise shirt size and various products models.When to use Mean, Median, and ModeThe following table summarizes the appropriate methods of determining the middle or typical value of a data set based on the measurement scale of the data.Measurement ScaleBest Measure of the "Middle"Nominal(Categorical)ModeOrdinalMedianIntervalSymmetrical data: MeanSkewed data: MedianRatioSymmetrical data: MeanSkewed data: Median result is called the weighted arithmetic mean
It is the largest value less the smallest one.
The median is 5, because two values (2 and 2) are less than 5, and an equal number of values (8 and 9) are greater than 5. Generally speaking, the median is more informative than the average (mean), although a proper calculation of a "typical value" of a list of values depends on what the typical value will be used for.
The median is the middle number of any given set when they are in order, least to greatest. If there is an even number of values, the median is the average of the middle two. It tells you that half the members of the set are greater than it and half are less than it.