, is the value of the random variable that
has exactly one-half of the area under the pdf
to its left and one-half to its right. The median is obtained from:Median life, , is the value of the random variable that
has exactly one-half of the area under the pdf
to its left and one-half to its right. The median is obtained from:
(5)
(For individual data, e.g. 12, 20, 21, the median is the midpoint value, or 20 in this case.)
See Also:
Basic Statistical Defintions
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