The "median" (note spelling) is the middle value, so in your example, it would be 22,000.


>Hi All,
>
>My boss wants to calculate the average and medium price for horses sold.
>
>If we sell 10 foals over a period of years out of one mare:
>1. 7,000
>2. 12,000
>3. 15,000
>4. 17,000
>5. 20,000
>6. 22,000
>7. 25,000
>8. 27,000
>9. 30,000
>10. 250,000
>
>total: 425,000
>
>The average would be 42,500.
>
>How would you calculate the "medium"?
>
>What are the philosopical differences between the two methods?
>
>Why would you want to know the medium as opposed to the average?
>
>Thanks,
>
>Jim Harvey