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Question

The monthly incomes of 7 graduates is Rs. 8000, Rs. 9000, Rs. 8200, Rs. 7900, Rs. 8500, Rs. 8600 and Rs. 60000. Find the median income.

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Solution

Arranging the incomes in ascending order we get : Rs.7900,Rs.8000,Rs.8200,Rs.8500, Rs.8600,Rs.9000,Rs.60000

Number of observations =7

Middle term, i.e., 4th term in the data =8500

Thus, the median income = ₹ 8500

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