Would the median not be the average of numbers 5 and 6 (21,000)? I always assumed that with an "even" amount of numbers, this is what you did. With an odd amount of numbers, then the true "middle" number is the median....Just curious.


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