What is Median and it's importance in Statistics?
In Statistics, Median is one of the three basic measures of central tendency of a data, which gives the middle value of the given list of data when arranged in an order. The arrangement of data or observations can be made either in ascending order or in descending order. For example, in the data 2, 5, 6, 8, 9, 15, 17 the median is 8. The basic feature of the median in describing data compared to the mean or average, is that it is not skewed by a small proportion of extremely large or small values. And therefore provides a better representation of a typical value. Median income, for example, may be a better way to suggest what a typical income is, because income distribution can be very skewed.
How to Calculate Median of First N Natural Numbers?
Median of First N Natural Numbers calculator uses Median of Data = (Value of N+1)/2 to calculate the Median of Data, Median of First N Natural Numbers formula is defined as the particular value or natural number in the sequence of first N natural numbers arranged in ascending order, which is occurring in the middle. Median of Data is denoted by Median symbol.
How to calculate Median of First N Natural Numbers using this online calculator? To use this online calculator for Median of First N Natural Numbers, enter Value of N (N) and hit the calculate button. Here is how the Median of First N Natural Numbers calculation can be explained with given input values -> 5 = (139+1)/2.