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Measures of Central Location

The Median

Learning Outcomes

Understand and calculate medians both by hand and in Excel.

  • The value of the middle number
  • Or the mean of the two middle numbers when there are an even number of data
  • To calculate: order the numbers from smallest to largest then find the middle number or average of two middle numbers (for even sized data sets)

License

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An Introduction to Business Statistics for Analytics (1st Edition) Copyright © 2024 by Amy Goldlist; Charles Chan; Leslie Major; Michael Johnson is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License, except where otherwise noted.

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