Median Calculator
Calculate the median value of a set of numbers quickly and easily.
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Understanding the Median
The median is a crucial statistical measure that represents the middle value in a sorted dataset. It's particularly useful when your data contains outliers that might skew the mean.
Key Features of the Median
- The median divides a dataset into two equal halves
- It's less sensitive to extreme values than the mean
- For odd-numbered datasets, it's the middle value
- For even-numbered datasets, it's the average of the two middle values
When to Use the Median
The median is particularly useful in these scenarios:
- When dealing with skewed data distributions
- In real estate price analysis
- For income and salary statistics
- When extreme values might distort the average