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If ten executives have salaries of $80,000, six have salaries of $75,000, and three have salaries of $70,000, The median salary is $80,000
Total number of observation = 10+6+3= 19
Median = =20/2 = 10 th value
Reason:
The median is the middle score when they are arranged in ascending or descending order.
Since there are a total of 19 observed values, the tenth value is the median $80,000
What is the median ?
The median is the middle number arranged in , ascending or descending order of numbers and can be more detailed of that data set than the average.
Why is median important?
The median is important because it gives us an information about the the center value of data and its location. The median tends to be more helpful to calculate than the mean when a distribution is skewed and/or has outliers.
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