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What is meant by the median of a set of observations?


  1. All of the above

  2. The value of a given number of observations which divides it into exactly two parts.

  3. The most frequently occuring value of the observation.

  4. The average value of the given set of observations.


Solution

The correct option is B

The value of a given number of observations which divides it into exactly two parts.


The median value or simply the median of a given number of observations is the middlemost value when the observations are arranged in ascending order.

This means that the median value(s) divide(s) the set of observations into two equal halves.

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