SS1: ECONOMICS - 1ST TERM
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Median
Topic Content:
- Definition of Median
- Advantages of Median
- Disadvantages of Median
Median is the value of the middle number in a given data. It is the value in which an observation is equal after dividing the distribution into two. It refers to the middle number in a set of data or distribution arranged in order of magnitude. Arrangement is in ascending or descending order.
Example 4.3.1:
Find the median of the following set of numbers 31, 48, 76, 66, 25, 55, 10
Solution:
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