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Mathematics
9 November, 23:37
What statements are true about the median?
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Marco Morgan
9 November, 23:41
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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.
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