The median formula of a given set of numbers, say having 'n' odd number of observations, can be expressed as: Step 3: Check if the number of observations 'n' is even or odd.Step 2: Secondly, count the total number of observations 'n'.Step 1: Arrange the data in ascending or descending order.The following steps are helpful while applying the median formula for ungrouped data. The following set of formulas would help in finding the median of the given data. The median formula varies based on the number of observations and whether they are odd or even. For finding this measure of central tendency, it is necessary to write the components of the group in increasing order. Using the median formula, the middle value of the arranged set of numbers can be calculated. Let's arrange this data in ascending order: 2, 3, 4, 4, 6. Step 1: Consider the data: 4, 4, 6, 3, and 2.

Let's consider an example to figure out what is median for a given set of data. Median is also called the Place Average, as the data placed in the middle of a sequence is taken as the median.

Among the statistical summary metrics, the median is an easy metric to calculate. Many an instance, it is difficult to consider the complete data for representation, and here median is useful.

The value of the middle-most observation obtained after arranging the data in ascending order is called the median of the data. The three most common measures of central tendency are mean, median, and mode. This is known as the measure of central tendency. When describing a set of data, the central position of the data set is identified. Median is one of the three measures of central tendency.

What is the median