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

calculate the test statistics, A manufacturer has received complaints that...

A manufacturer has received complaints that aging production equipment is forcing workers to work overtime in order to meet production quotas. Historically, the average hours worke

O-give curves, real time applications on graphical representation of o-give...

real time applications on graphical representation of o-give curves

Determine the matrix of the transformation, Consider the linear transformat...

Consider the linear transformation (a) Find the image of (3 , -2 , 2) under T. (b) Does the vector (5, 3) belong to the range of T? (c) Determine the matrix of the transf

Evaluate the p - value, Use the given information to find the P-value. T...

Use the given information to find the P-value. The test statistic in a two-tailed test is z = 1.49 P-value = (round to four decimal places as needed)

Compute the roughness of several parametric densities, An approximation to ...

An approximation to the error of a Riemannian sum: where V g (a; b) is the total variation of g on [a, b] de ned by the sup over all partitions on [a, b], including (a; b

Probability, HOW WOULD YOU INTERPRET THIS PROBABILITY:P(a)=1.05

HOW WOULD YOU INTERPRET THIS PROBABILITY:P(a)=1.05

Quota sampling, Quota sampling Under this method enumerators shall sele...

Quota sampling Under this method enumerators shall select the respondents in place of those not available, as per the quota fixed according  to guide lines   provided to them.

Disadvantages of median, Disadvantages For calculating median it is ...

Disadvantages For calculating median it is necessary to arrange the data; other averages do not need any arrangement. Since it is a positional average, its value is not d

Simple random sampling, Simple Random Sampling In Simple Random Sampli...

Simple Random Sampling In Simple Random Sampling each possible sample has an equal chance of being selected. Further, each item in the entire population also has an equal chan

Simulation - analytical approach, Analytical Approach We will illustra...

Analytical Approach We will illustrate this through an example. Example 1 A firm sells a product in a market with a few competitors. The average price charged by the

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