Yes, you're right.
>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.
>>
>>
>>>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
--sb--