Median

The median of a data set is the middle value of the sorted data. For example, given the data set below which contains items from smallest to greatest:

The median is since it appears in the center position of the sorted data. In the case where there is an even number of elements, the median is calculated as the average of the two middle values.

Related Terms

Mean

The mean of a data set is the average of all the values in the data set.

Mode

The mode of a data set is the most commonly occuring value in the data set.