Definition of "Median"

Marguerite Palladino Karamoshos real estate agent
Marguerite Palladino Karamoshos, Real Estate Agent Keller Williams Points North

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.

 

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