Question

What statements are true about the median?

Answer 1

Answer:

Example: the median is not affected by very large or very small values (outliers).

Step-by-step explanation:

Suppose my income for 5 months is $1000, $1500, $1550, $2000, $90,000. (I hit the lottery in the last month!).

The median is the number in the middle: $1550.  That $90,000 would increase the mean ("average") by a lot, but the median is unchanged.

If a newspaper story reports the median house price in a neighborhood is $93,000, that million dollar mansion on the corner won't change the median. Half the prices are less than $93,000 and half are greater.