median (Meaning of)

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Median
The value of the middle item when the data are arranged from lowest to highest; a measure of central tendency. If there is an even number of observations, the median is the average of the two middle observations.
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Median
The median of a set of n measurements x1, x2, x3, ... xn is the value x that falls in the middle when the measurements are arranged in order of magnitude.
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median
[Noun] The value with as many other values below it as above it in a set.
See also: middle
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Median
The value (rate of return, market sensitivity, etc) that exceeds one-half of the values in the sample and is exceeded by the other half. The median is always the middle value, as distinct from the mean, which represents the average value. For example, if five items cost £20, £80, £100, £300 and ...
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Median
That which lies in the middle. For example, a median performance among a universe of five managers would be the third ranked manager. A median return is not the same as the mean and may be above or below it depending on the distribution of returns in the sample.
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Median
The number that falls halfway in a range of numbers â€“ a way of calculating central tendency that is sometimes more useful than calculating a mean.
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median
[adj] - relating to or situated in or extending toward the middle 2. [n] - the value below which 50% of the cases fall
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Median
the value that occurs midway in a series of numbers arranged in order of magnitude or, simply, the middle case
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Median
The middle value in a sample sorted into ascending order. If the sample contains an even number of values, the median is defined as the mean of the middle two.
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Median
The median of a set of data is one way of finding the 'middle' of the data. To findthe median, put all the data in a list in order of size, and pick the piece of datawhich is half way through the list. If there is an even number of values, the medianis half way between the middle pair of values.
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Median
The middle ranking value of a set of values set out in numerical... <a target=_blank href='http://www.finance-glossary.com/terms/median.htm?id=12791&ginPtrCode=00000&PopupMode=false' title='Read full definition of median'>more</a>
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Median
The number from a series such that exactly half the numbers are less than it and half greater....more on Median
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Median
A statistic which measures the centre of a set of data by finding that value which divides the data in half. A technical definition is that the median is the value which is greater than or equal to half of the values in the data set and less than or equal to half the values. To compute the median yo...
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Median
Word used in statistics and trial results. Means the middle number in a series, for example, if five children are aged 2, 3, 5, 7, and 13, the median age is 5.
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Median
A descriptive statistic used to measure central tendency. The median is the score/value that is exactly in the middle of a distribution (i.e. the value above which and below which 50% of the scores lie)
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median
The middle number or the average of the two middle numbers in an ordered set of data
Example:

The median of 1, 3, 4, 6, and 7 is 4.
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Median
Placed in the middle.
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Median
Median: The middle. Like the median strip in a highway.
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Median
Me'di·an adjective [ Latin medianus , from medius middle. See Medial .] 1. Being in the middle; running through the middle; as, a median groove. 2. (Zoology) Situated in the middle; lying in a plane ...
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Median
Me'di·an noun (Geom.) A median line or point.
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median
<statistics> Any value that divides the probability of a random variable in half, i.e. The probability of observing a value above the median and the probability of observing a value below the median are both less than or equal to one half. ... For a finite population or sample, the median is t...
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median
medial adjective relating to or situated in or extending toward the middle
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median
median value noun the value below which 50% of the cases fall
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median
(me´de-әn) situated in the median plane or in the midline of a body or structure. any value that divides the probability distribution of a random variable in half; that is, the probability of observing a value above the median and the probability of observing a value below the median are both...
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Median
• (n.) A median line or point. • (a.) Being in the middle; running through the middle; as, a median groove. • (a.) Situated in the middle; lying in a plane dividing a bilateral animal into right and left halves; -- said of unpaired organs and parts; as, median coverts.
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