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#reading-8-statistical-concepts-and-market-returns
Question
If there are an odd number of observations in the data set, the median formula is [...]
Answer
(n + 1)/2

The middle observation

Tags
#reading-8-statistical-concepts-and-market-returns
Question
If there are an odd number of observations in the data set, the median formula is [...]
Answer
?

Tags
#reading-8-statistical-concepts-and-market-returns
Question
If there are an odd number of observations in the data set, the median formula is [...]
Answer
(n + 1)/2

The middle observation
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Subject 4. Measures of Center Tendency
dle of the data set, and divides it into two equal halves, with an equal number of data values in each half. To determine the median, arrange the data from highest to lowest (or lowest to highest) and find the middle observation. <span>If there are an odd number of observations in the data set, the median is the middle observation (n + 1)/2 of the data set. If the number of observations is even, there is no single middle observation (there are two, actually). To find the median, take the arithmetic mean of the two middle o

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