median value

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Definitions from WordNet

Noun median value has 1 sense

median, median value - the value below which 50% of the cases fall
--₁ is a kind of average, norm

Definitions from the Web

Median Value

Definition:

The median value refers to the middle value in a set of numbers, arranged in ascending order. It is commonly used to represent the central tendency or average of a distribution.

Example Sentences:

Noun:

The median value of the dataset is 10.
In statistics, finding the median value can help identify outliers.
The house was sold at a price higher than the median value for the neighborhood.

Adjective:

The median value income in the city increased by 10% over the past year.
Brands targeting the middle-class market often develop products with a median value price range.
Investing in properties with a median value rate of return can provide stable long-term returns.

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