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 Data given Mean and Mode?
Median of Data given Mean and Mode calculator uses Median of Data = ((2*Mean of Data)+Mode of Data)/3 to calculate the Median of Data, Median of Data given Mean and Mode formula is defined as the middle value of a dataset when it is sorted in ascending or descending order. It separates the higher half from the lower half of the data, and calculated using the mean and mode of the data. Median of Data is denoted by Median symbol.
How to calculate Median of Data given Mean and Mode using this online calculator? To use this online calculator for Median of Data given Mean and Mode, enter Mean of Data (Mean) & Mode of Data (Mode) and hit the calculate button. Here is how the Median of Data given Mean and Mode calculation can be explained with given input values -> 53 = ((2*75)+60)/3.