When you have 4 or 6 data points, which would be the median value?
- The median is a fairly simple concept, but let's briefly discuss a common issue you'll likely encounter in finding your median. Let's recap. The median is the midpoint in the data. There are an equal number of data points above and below the median value. So, if we had five data points, the third highest would be the median. 101 data points, the 51st data point would be the median. 50 smaller data points, 50 larger data points.
But what if we had an even number of data points? For example, let's say we have 10 data points. The fifth data point has four data points below it and five above it. The sixth data point has five data points below it and four above it. Neither is the true median. What to do? Simple. In this case, we just take the average of the two middle points. Here, we can see that the fifth data point is 20 and the sixth data point is 30.
So, our median point for this data set is 25. So, now you're ready to find the median of any data set.
Author
Released
9/18/2016Professor Eddie Davila covers statistics basics, like calculating averages, medians, modes, and standard deviations. He shows how to use probability and distribution curves to inform decisions, and how to detect false positives and misleading data. Each concept is covered in simple language, with detailed examples that show how statistics are used in real-world scenarios from the worlds of business, sports, education, entertainment, and more. These techniques will help you understand your data, prove theories, and save time, money, and other valuable resources—all by understanding the numbers.
- Calculate mean and median for specific data sets.
- Explain how the mode is used to assess a data set.
- Identify situations in which standard deviation can be used to investigate individual data points.
- Use mean and standard deviation to find the Z-score for a data point.
- List the three different categories of probability.
- Analyze data to determine if two events are dependent or independent.
- Predict possible outcomes for a situation using basic permutation calculations.
- Give examples of binomial random variables.
Skill Level Beginner
Duration
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Conclusion
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Video: Medians for data sets with even numbers of data points