Median, Applied Statistics

Assignment Help:

Median

Median is a position average. It is the value of middle item of a variable when the items are arranged according to their values either in ascending or descending order. Its value is so located in the frequency distribution that it divides in half with50% of the items below it and50% of items above it.

In the words of Dr. A. L. Bowley, if the number of the group are ranked in order according to the measurement under consideration, then the measurement of the number most nearly one half is the median,

Connor has defined it as, The median is that value of variable which divides the group into two equal parts, one comprising all values greater, and the other all values less √than the median.

Computation of Median (Individual Observation)

The following procedure is adopted:

(1)   The variable is arranged in either ascending or descending order.

(2)   Median is located by finding the value or size   of N+1/2TH items. Symbolically.

M =Value of (N+1)/2 th item

M= Median

N= Number of items


Related Discussions:- Median

Statistical errors, Statistical Errors              Statistical data ar...

Statistical Errors              Statistical data are obtained either by measurement or by observation. Hence to think of perfect accuracy is only a delusion or a myth, It is no

Predict higpa using a logistic regression, In this problem, we use the CSDA...

In this problem, we use the CSDATA data set, which is available in 'CSDATA.txt'. We do ne an indicator variable, say HIGPA, to be 1 if the GPA is 3.0 or better and 0 other- wise. S

Regression and anova, The first step in this case is to ensure that you ar...

The first step in this case is to ensure that you are adequately clear on the General Linear Model and its relationship to both ANOVA and regression. The distinction is approxim

Inverse market demand, There are two types of drivers, high-risk drivers wi...

There are two types of drivers, high-risk drivers with an accident probability of 2=3 and low risk drivers with an accident probability of 1=3. In case of an accident the driver su

Data reduction, The PCA is amongst the oldest of the multivariate statistic...

The PCA is amongst the oldest of the multivariate statistical methods of data reduction. It is a technique for simplifying a dataset, by reducing multidimensional datasets to lower

Calculate the ratio of the sample standard deviation, The Case Study includ...

The Case Study included information about the price for a full meal before and after the law change (in dollars).  Of interest is whether the differences in price for a full meal b

Advantages of sampling, Advantages of Sampling Why should we settle on ...

Advantages of Sampling Why should we settle on a sample instead of studying the entire population?  Sampling has the following advantages over a census (study of the entire pop

Statistics assignment, To compare three brands of computer keyboards, four ...

To compare three brands of computer keyboards, four data entry specialists were randomly selected. Each specialist used all three keyboards to enter the same kind of text material

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd