Median in Individual and Discrete Series

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Median

Median is defined as the middle most or the central value of the variable in a set of observations. It is the value of that item which divides the series into two equal parts, one half containing values greater than it and other half containing values less than it. Therefore, we have to first arrange series in ascending or descending order before finding the mean. Median is a position average and the arithmetic mean is a calculated average.

Individual series- in this case, we first arrange the given data in ascending or descending order of their magnitudes.












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