Showing posts with label Percentile. Show all posts
Showing posts with label Percentile. Show all posts

Sunday, August 10, 2014

Calculating Median and Percentile

MEDIAN or 50th Percentile

According to Wikipedia the median or 50th percentile is the numerical value separating the higher half of a data sample, a population, or a probability distribution, from the lower half. Some examples:

Set Median / 50th percentile
1,2,3,4,5 3
1,2,3,3,4,5 3
1,2,3,4,4,5 3,5
1,2,3,3,4,4,5 3
1,2,3,3,4,4,5,5 3,5

In this example you see that if the set contains an even number of members the median is the average between the numbers left and right from the centre.