B Com Exam > B Com Videos > Business Mathematics and Statistics > Median: Measures of Central Tendency
Median: Measures of Central Tendency Video Lecture | Business Mathematics and Statistics - B Com
FAQs on Median: Measures of Central Tendency Video Lecture - Business Mathematics and Statistics - B Com
| 1. What is the median, and how is it different from the mean and mode? |  |
Ans. The median is the middle value in a data set when the numbers are arranged in ascending or descending order. It differs from the mean, which is the average of all values, and the mode, which is the most frequently occurring value in the data set. The median is particularly useful for skewed distributions as it is not affected by extreme values.
| 2. How do you calculate the median in a data set with an even number of values? | |
Ans. To calculate the median in a data set with an even number of values, first arrange the numbers in order. Then, find the two middle numbers and calculate their average. For example, in the data set {3, 5, 7, 9}, the two middle numbers are 5 and 7, so the median is (5 + 7) / 2 = 6.
| 3. Can the median be used for both numerical and categorical data? | |
Ans. The median is primarily used for numerical data, as it requires an ordered arrangement of values to identify the middle point. It is not applicable to categorical data, which can be better represented using mode or frequency distributions.
| 4. What are the advantages of using the median as a measure of central tendency? | |
Ans. The advantages of using the median include its robustness against outliers, making it a reliable measure in skewed distributions. It provides a better representation of the typical value in such cases compared to the mean, which can be significantly impacted by extreme values.
| 5. In what real-life scenarios is the median a more effective measure than the mean? | |
Ans. The median is more effective in scenarios such as income levels, home prices, or test scores where data may have extreme outliers. For instance, in a community where a few individuals earn significantly higher incomes than the rest, the median income will reflect the typical income level more accurately than the mean.
About this Video
4.86/5
Rating
Sep 28, 2025
Last updated
Related Exams
Video Description: Median: Measures of Central Tendency for B Com 2025 is part of Business Mathematics and Statistics preparation.
The notes and questions for Median: Measures of Central Tendency have been prepared according to the B Com exam syllabus.
Information about Median: Measures of Central Tendency covers all important topics for B Com 2025 Exam.
Find important definitions, questions, notes, meanings, examples, exercises and tests below for Median: Measures of Central Tendency.
Introduction of Median: Measures of Central Tendency in English is available as part of our Business Mathematics and Statistics for B Com & Median: Measures of Central Tendency in
Hindi for Business Mathematics and Statistics course. Download more important topics related with notes, lectures and mock test series for
B Com Exam by signing up for free.
Description
Video Lecture & Questions for Median: Measures of Central Tendency Video Lecture | Business Mathematics and Statistics - B Com - B Com full syllabus preparation | Free video for B Com exam to prepare for Business Mathematics and Statistics.
Information about Median: Measures of Central Tendency
Here you can find the meaning of Median: Measures of Central Tendency defined & explained in the simplest way possible.
Besides explaining types of Median: Measures of Central Tendency theory, EduRev gives you an ample number of questions to practice Median: Measures of Central Tendency tests,
examples and also practice B Com tests.
Related Searches
Previous Year Questions with Solutions
,Summary
,Free
,study material
,practice quizzes
,Exam
,past year papers
,shortcuts and tricks
,mock tests for examination
,MCQs
,Median: Measures of Central Tendency Video Lecture | Business Mathematics and Statistics - B Com
,Median: Measures of Central Tendency Video Lecture | Business Mathematics and Statistics - B Com
,Viva Questions
,Extra Questions
,video lectures
,Sample Paper
,ppt
,Important questions
,Semester Notes
,Objective type Questions
,Median: Measures of Central Tendency Video Lecture | Business Mathematics and Statistics - B Com
;
Study Median: Measures of Central Tendency on the App
Students of B Com can study Median: Measures of Central Tendency alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the Median: Measures of Central Tendency,
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of Median: Measures of Central Tendency is prepared as per the latest B Com syllabus.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup