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Median of trade sizes

StatisticsEasy

trade sizes are observed: , , , , and . What is the sample median?

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A whole number, a decimal, a fraction like 3/8 or a percent.

Hint

Sort first; with an even count, average the middle pair.

Solution
  1. Sorted order is , , , , , .
  2. With values the median is the average of the 3rd and 4th values.
  3. That is , so the median is .

Answer: