Formulas > Descriptive Statistics > Median
The median of a data set is the middle value when the
data values are arranged in order of increasing magnitude.
The median is found by the following steps:
- Sort the values in increasing order.
- If the number of values is odd, the median is the number
located in the exact middle of the list of sorted values.
- If the number of values is even, the median is the mean of the
two middle values.