In the normal distribution, the mean and median coincide, and 50% of the data are below the mean.
Yes. That is how the median is defined.
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.
The median.
z = 0.8416
In the normal distribution, the mean and median coincide, and 50% of the data are below the mean.
In a normal distribution half (50%) of the distribution falls below (to the left of) the mean.
Yes. That is how the median is defined.
The data would be approximately evenly distributed about and below the mean. This suggests a normal distribution, although there are other criteria involved in that.
Generally, when the median is greater than the mean it is because the distribution is skewed to the left. This results in outliers or values further below the median than above the median which results in a lower mean value than median value. When a distribution is skewed left, it is generally not very symmetrical or normally distributed.
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.
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.
The median.
The answer will depend on what the distribution is. Non-statisticians often assum that the variable that they are interested in follows the Standard Normal distribution. This assumption must be justified. If that is the case then the answer is 81.9%
z = 0.8416
A normal distribution with a mean of 200 and a deviation of 20 can be plotted as a bell-shaped curve, as shown in the figure below. Superimposed on the figure, the distribution of the arithmetic mean of samples of size n=4, 25 and 100 can be plotted as shown in the figure below. The arithmetic mean distribution for n=4 is a much narrower distribution than a normal distribution, since it is based on a small sample size. As the sample size increases, the distribution becomes wider and more similar to the normal distribution.
A Z score of 300 is an extremely large number as the z scores very rarely fall above 4 or below -4. About 0 percent of the scores fall above a z score of 300.