What are the Mean and Median?
Mean:
The mean of the data set is the arithmetic average or the ratio of the sum of the elements to the total number of elements of a set.
Formula:
Median:
The median is the middle value of the data set when arranged in an ascending or descending order.
When there is an odd number of elements in a data set: term
When there is an even number of elements in a data set:
Example:
Number of elements present in a set
Then, the mean of the set is
There is an even number of elements in a data set
Arranged data set:
Then, the median of the set is,