Median (The Middle Manager)
The median is the middle number when everything is in order.
- Arrange the numbers from smallest to largest
- Find the middle number (or average of two middle numbers)
It’s not affected by extreme values, so it’s good for data with outliers.
Example: House prices: $100k, $150k, $200k, $250k, $1 million
Median = $200k (the middle number)