The half way point in your data.
It is easy to calculate median. The median is another measure of a set of data points. It, like the average or mean gives you some important information about the data in your data set. It is a central tendency measurement of a dataset, like the mean is. However, the median is simply the midpoint of a sorted dataset. Unlike the mean, the median doesn't take into account any data except the midpoint.
This might be important information if you are trying to decide which state to live in. The median is a generalization of a given set of data.
Here are the steps:
|44||The median is 44!|
These are the same problems that the mean or average has. Using the standard deviation solves most of these problems. This not so for the median. The standard deviation may add some meaning to the median, but not much.
When you calculate median, you have another method of generalizing a lot of data. As long as you are confident that it is not skewed, you can use it by itself as a convenient descriptor of the data.