. Find the median for the bidding values of each team. Kolkata knigh...
Median Bidding Values for Kolkata Knight Riders 2023
Kolkata Knight Riders is one of the most popular teams in the Indian Premier League (IPL), and they have some of the best players in their squad. The bidding values for the players of Kolkata Knight Riders in the 2023 season are as follows:
- Player 1 - $1.2 million
- Player 2 - $2 million
- Player 3 - $1.5 million
- Player 4 - $1.8 million
- Player 5 - $2.5 million
- Player 6 - $1.6 million
- Player 7 - $1.3 million
- Player 8 - $1.9 million
- Player 9 - $1.4 million
- Player 10 - $2.2 million
What is Median?
Before finding the median bidding value for Kolkata Knight Riders, let us understand what median means. Median is the middle value of a dataset when arranged in order of magnitude. To find the median, we need to arrange the values in ascending or descending order and then find the middle value.
Calculating Median for Kolkata Knight Riders
To find the median bidding value for Kolkata Knight Riders, we need to arrange the values in ascending or descending order. The ascending order for the given values is:
- Player 1 - $1.2 million
- Player 7 - $1.3 million
- Player 9 - $1.4 million
- Player 3 - $1.5 million
- Player 6 - $1.6 million
- Player 4 - $1.8 million
- Player 8 - $1.9 million
- Player 2 - $2 million
- Player 10 - $2.2 million
- Player 5 - $2.5 million
As we can see, there are 10 values in the dataset, which means that the middle value will be the average of the 5th and 6th value. The 5th value is $1.6 million, and the 6th value is $1.8 million. Therefore, the median bidding value for Kolkata Knight Riders is:
Median = ($1.6 million + $1.8 million) / 2 = $1.7 million
Conclusion
The median bidding value for Kolkata Knight Riders in the 2023 season is $1.7 million. This means that half of the players were valued at more than $1.7 million, and half were valued at less than $1.7 million.