Central Tendency:Locating the Median >The median of an ordered set of data is located at the n+1 ranked value. 2 If the number of values is odd,the median is the middle number. If the number of values is even,the median is the average of the two middle numbers. >Note that+is NOT the value of the median, only the position of the median in the ranked data. 2.4,3,5,6,6.6,8 6+1 2 =35 Median=X3+X5+6 =5.5 2 2 Statistics Using Microsoft Excel Chap 3-9Statistics for Managers Using Microsoft Excel Chap 3-9 Central Tendency: Locating the Median  The median of an ordered set of data is located at the ranked value.  If the number of values is odd, the median is the middle number.  If the number of values is even, the median is the average of the two middle numbers.  Note that is NOT the value of the median, only the position of the median in the ranked data. 2 n 1 2 n 1 2.4, 3, 5, 6, 6.6, 8 Median= 3.5 2 6 1   5.5 2 5 6 2 3 4    X  X