Find the median of the given dataset.
16, 37, 38, 28, 45, 23, 76, 23, 83, 21
Median refers to the value which lies in the middle of the data when arranged in an increasing or decreasing order.
First we arrange the data in ascending order: 16, 21, 23, 23, 28, 37, 38, 45, 76, 83
Since no. of observations is 10 (an even number), there will be two middle terms. In this caes, the median will be the average of (102)th and the (102+1)th terms.
Median = Average of 5th and 6th observations
= 28 + 372 = 32.5