Section 1
Calculating the Median
Property
The median is a number that divides an ordered data set into two parts with an equal number of values in each part.
To find the median, you must first put the values in order from lowest to highest.
- If there are an odd number of data points, the median is the number right in the middle.
- If there are an even number of data points, the median is the number halfway between the two middle values (their mean).
Examples
- For the data set {9, 2, 7, 5, 11}, we first order it: {2, 5, 7, 9, 11}. Since there are five values, the middle value is the 3rd one, so the median is 7.
- For the data set {14, 6, 8, 20}, we order it: {6, 8, 14, 20}. With an even number of values, the median is the mean of the two middle numbers: .
- The prices of five houses on a street are 200k, 210k, 225k, 240k, and 950k dollars. The median price is 225k dollars, which is a more typical value than the mean (365k dollars), which is skewed by the expensive house.