The median is defined as…
A)The middle point in a data set.
B)The geometric average of a data set.
C)The arithmetic average of a data set.
D)The most common value of a data set.

Question

Quizplus · Accepted Answer

The median is the value that separates the data set into two equal halves, meaning that half of the observations in the data set are smaller than the median and half are greater than the median. Therefore, it is the middle point in a data set. B, C, and D are not correct because the geometric average is calculated by multiplying all values together and taking the nth root of the result, the arithmetic average is calculated by summing all values and dividing by the number of observations, and the most common value is referred to as the mode.

The Median Is Defined As…