In statistics and probability theory, median is described as the numerical value separating the higher half of a sample, a population, or a probability distribution, from the lower half. The median of a finite list of numbers can be found by arranging all the observations from lowest value to highest value and picking the middle one. If there is an even number of observations, then there is no single middle value; the median is then usually defined to be the mean of the two middle values.
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Some articles on median:
... The idea of the median originated in Edward Wright's book on navigation (Certaine Errors in Navigation) in 1599 in a section concerning the determination of location with a compass ... developed a regression method based on the L1 norm and therefore implicitly on the median ... of both the sample mean and the sample median were determined by Laplace in the early 1800s ...
... there is no single formula to find the median for a binomial distribution, and it may even be non-unique ... Any median m must lie within the interval ⌊np⌋ ≤ m ≤ ⌈np⌉ ... A median m cannot lie too far away from the mean
... Median household income in 2000 was $72,568 ... Median home cost in ZIP 91364 is (2007) $944,500 and cost of living in ZIP 91364 is (2007) 76.26% higher than the U.S ... L.A." project supplied these Woodland Hills neighborhood statistics population 59,661 median household income $89,946 ...
More definitions of "median":
- (noun): The value below which 50% of the cases fall.
Synonyms: median value
- (adj): Relating to or situated in or extending toward the middle.
- (adj): Relating to or constituting the middle value of an ordered set of values (or the average of the middle two in an even-numbered set).
Example: "The median value of 17, 20, and 36 is 20"; "the median income for the year was $15,000"