The median formula in statistics refers to the formula that is used to determine the middle number in a given data set that is arranged in ascending order, and according to the formula, the count of the number of items in the data set is added to one, and then the results are divided by two to derive the median value, i.e. the number placed on the identified position will be the median value.
Follow the below steps:
- Sort the numbers in ascending order first. When the numbers in a group are organized from least to largest, they are said to be in ascending order.
- The following is a method for calculating the group’s median of odd/even numbers:
- Find the (n+1)/2nd term if the number of elements in the group is odd. The median is the value that corresponds to this phrase.
- Find the (n+1)/2nd term in the group and the midpoint between the numbers on either side of the median position if the number of elements in the group is even. If there are eight observations, for example, the median is (8+1)/2nd position, which is the 4.5th. The median can be calculated by multiplying the 4th and 5th terms in a group by 2 and then dividing by 2.