we know that average is not a good indicator of the entire data set, is the median a good representative of the entire data set.???
I know the median indicates the centre of the data set with lows on one side and highs on the other.
Median is considered to be better than mean
why better ,it doesnot even consider other data values
Precisely why it is considered better, in a dataset like 5, 5.1, 4.9, 9
Average = 6
Median = 5.05
Median is closer to 3/4 data points, and is not skewed to the right like the average
This does not mean that the average does not give us any information, or that it is not useful
It just means that when a dataset is highly skewed, median can become a lot more important
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thanks for explaining it