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Median - median is the middle value of the series, the value which is exactly in the middle of the
series is the median, it is valued at the exactly at the centre of the series, median divides the
entire series into two equal parts, to calculate median we have to arrange the series into
ascending and descending oder.
Merits -
1. Rigidly de ned
2. Easy to understand and calculate
3. Not in uenced by extreme values
4. Can be calculated for open ended classes.
5. Can be determined by inspection
6. Can be located graphically. Whereas arithmetic mean cannot be located graphically
Demerits -
1. Not exact if no. of observations are even
2. Does not consider all the items of the series
3. Not suitable for further statistical analysis
Calculation (always arrange the data into ascending or descending oder before applying formulas)
1. Individual observation - (n+1/2)
2. Lower quartile - Q1 = (n+1/4)
3. Upper quartile - Q3 = 3(n+1)/4
4. 6th decile = 6(n+1)/10
5. 65th percentile = 65(n+1)/100