BUSINESS ADMINISTRATION
BUSINESS ANALYTICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Mean
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Mode
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Median
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Continuous Variable
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Detailed explanation-1: -The median is the middle value of a set of numbers. The median is the same as the 50th percentile for the set of numbers. In other words, the median is the middle of a set of numbers with half of the values less than the median and half the values greater than the median.
Detailed explanation-2: -50th Percentile-Also known as the Median. The median cuts the data set in half. Half of the answers lie below the median and half lie above the median. 75th Percentile-Also known as the third, or upper, quartile.
Detailed explanation-3: -50th percentile (median) The 50th percentile or median is the value in the very middle of a set of measurements. In other words, 50% of measurements are under the median and 50% are over the median.
Detailed explanation-4: -A 50th percentile is the same as a “median.” An average, or “mean, ” is similar but a weighted result.
Detailed explanation-5: -The middle value of the sorted sample (middle quantile, 50th percentile) is known as the median. The limits are the minimum and maximum values. Any other locations between these points can be described in terms of centiles/percentiles.