Thursday, September 16, 2010

Median

Median is the middle point in the data set. An equal number of items are below and above this value.

The dataset must be ordered before the median can be determined.

The number of items (n) will determine where the median is located.

(n+1)/2 = median rank

For example:

1 , 1 , 2 , 4 , 6 , 2 , 9 , 3 , 7 , 5 , 2 , 5 , 9 , 6

Ordered:
1 , 1 , 2 , 2 , 2 , 3 , 4 , 5 , 5 , 6 , 6 , 7 , 9 , 9

Total count:
n=14

Median rank = (14+1)/2=7.5

Since this dataset has an even number of items (n=14) then the median is found between the 7th and 8th position. The 7th value is 4, and the 8th value is 5. The value inbetween is (4+5)/2=4.5. The median is 4.5. There are 7 items above and below this value.

For datasets with odd number n, the median falls exactly on the median rank.

To illustrate:

1 , 1 , 2 , 4 , 6 , 2 , 9 , 3 , 7 , 5 , 2 , 5 , 9 , 6, 4

Ordered:
1 , 1 , 2 , 2 , 2 , 3 , 4 , 4 , 5 , 5 , 6 , 6 , 7 , 9 , 9

Median rank = (15+1)/2 = 8

The value in the 8th position is 4, so the median is 4. There are 7 items above and below it.

The mean, median, and mode are all measures of central tendency. The skew can be determined by comparing these three measures.