Median Bidding Value for Kolkata Knight Riders

Median is the middle value in a data set arranged in order from least to greatest. To find the median bidding value for Kolkata Knight Riders, we need to arrange the bidding values of all the players from least to greatest and then find the middle value.

Step 1: Arrange the Bidding Values in Order

Let us consider the following table that shows the bidding values of all the players for Kolkata Knight Riders in the IPL auction:

| Player Name | Bidding Value (in crores) |
|-------------|---------------------------|
| Eoin Morgan | 5.25 |
| Pat Cummins | 15.5 |
| Andre Russell | 8.5 |
| Dinesh Karthik | 7.4 |
| Kamlesh Nagarkoti | 3.2 |
| Kuldeep Yadav | 5.8 |
| Varun Chakravarthy | 4.0 |
| Rahul Tripathi | 3.4 |
| Nitish Rana | 3.4 |
| Prasidh Krishna | 0.2 |
| Lockie Ferguson | 1.6 |
| Tim Seifert | 0.5 |
| Shakib Al Hasan | 3.2 |
| Harbhajan Singh | 2.0 |
| Ben Cutting | 0.75 |
| Karun Nair | 0.5 |
| Pawan Negi | 0.5 |
| Sheldon Jackson | 0.2 |
| Venkatesh Iyer | 1.5 |

Now, let us arrange these values in order from least to greatest:

0.2, 0.2, 0.5, 0.5, 0.75, 1.5, 1.6, 2.0, 3.2, 3.2, 3.4, 3.4, 4.0, 5.25, 5.8, 7.4, 8.5, 15.5

Step 2: Find the Middle Value

As there are 18 values in the data set, the middle value will be the average of the 9th and 10th values. Therefore, the median bidding value for Kolkata Knight Riders is:

(Middle Value) = (3.4 + 4.0) / 2 = 3.7 crores

Therefore, the median bidding value for Kolkata Knight Riders is 3.7 crores. This means that half of the players were bought for less than 3.7 crores and half were bought for more than 3.7 crores.