Median example (Ungrouped data):
Find the median
of the following data for weekly pay in US (in dollars):
{350, 800, 220,
500, 130}
Step
1: Order the values from low to high
130, 220,
350, 500, 800
Here, n (total
number of observations) is 5, which is odd, so we will use the formula given
below:
Step
2: Calculate the middle position
Step
3: Find the value in the position obtained in step 2
From step 1
value present at 3rd position is 350. Thus, median weekly pay is 350
US dollars.
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