Business Mathematics and Basic Statistics · Ch 4 — Measures of Central Tendency
Median — Discrete Data
Median — Discrete Data
The median is the value that lies exactly in the middle of a data set once it has been arranged in ascending (or descending) order — half the observations lie at or below it, and half lie at or above it.
For individual (raw) observations:
Median — Individual Observations
Arrange the observations in ascending order.
- If is odd, the median is the value of the -th observation.
- If is even, the median is the average of the -th and -th observations.
For a discrete frequency distribution, the same idea is applied using a cumulative frequency (c.f.) column, which, against each value of , records the running total of all frequencies up to and including that value.
Median — Discrete Frequency Distribution (Cumulative Frequency Method)
Build the cumulative frequency column and let .
- If is odd, the median is the value of whose cumulative frequency first reaches or exceeds .
- If is even, locate the values of corresponding to the -th and -th observations from the c.f. column, and take their average. …
The running total of frequencies up to and including a given value of ; used to locate the position of the median in a f …
The middle value of a data set arranged in ascending order — the value such that half the observations lie at or below it and h …