Definition of "Median"

Lisa Thompson real estate agent
Lisa Thompson, Real Estate Agent AgentOwned Realty

Statistical term indicating the central value of a frequency distribution, such that smaller and greater values than this central value occur at an equal rate. For example, given the numbers 1,7,10,12,14, 17, 19, 20, and 22, the median is 14.

Have a question or comment?
We're here to help.

*** Your email address will remain confidential.


Popular Insurance Terms

Popular Insurance Questions