Find the median of following data set.
12, 6, 87, 9, 54, 23, 43, 19, 56, 34, 69, 74
When you arrange the data in ascending order, you get:
6 9 12 19 23 34 43 54 56 69 74 87
If number of observations is odd then median is the (n2)th term
If it is even then median is the mean of the (n2)th and (n2)+1) th term.
Here the number of observations is 12 - even,
Therefore, the median will be an average of 6th and 7th observation.
So, Median = 34 + 432 = 772 = 38.5.