document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=578013>Question 578013</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Hello<BR>\n" );
document.write( "Please, can you explain me what \"Median market value\" means?<BR>\n" );
document.write( "My son is in 4th grade and he has a problem with this expression and I don't know what is it...<BR>\n" );
document.write( "Thank you. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #370467 by </B><A HREF=/tutors/aboutme.mpl?userid=solver91311><B>solver91311(24713)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=solver91311><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=solver91311><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=370467\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> <font face=\"Times New Roman\" size=\"+2\">\r<BR>\n" );
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document.write( "There are three standard measures of central tendancy for any set of data.\r<BR>\n" );
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document.write( "\"Mean\" is just means the average.  Add up all of the data and divide by the number of data elements.\r<BR>\n" );
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document.write( "\"Median\" is the value in the middle when all of the data are arranged in order of value.  Median Market Value is a value such that half of whatever the commodity is cost more than the median and half costs less.\r<BR>\n" );
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document.write( "\"Mode\" is the value that occurs most often.\r<BR>\n" );
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document.write( "For example, start with the following 19 elements of raw data.\r<BR>\n" );
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document.write( "43 55 23 65 82 83 70 32 74 65 71 78 79 83 65 75 91 77 81.  \r<BR>\n" );
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document.write( "To calculate the mean, add'em up and divide by 19:   1292 divided by 19 is 68.\r<BR>\n" );
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document.write( "To find the median, put them in numerical order --\r<BR>\n" );
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document.write( "23 32 43 55 65 65 65 70 71 <u>74</u> 75 77 78 79 81 82 83 83 91\r<BR>\n" );
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document.write( "Since there are 19 elements, the one in the middle is the 10th one -- 9 come before it, and 9 come after.  The median is 74.\r<BR>\n" );
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document.write( "To find the mode, make a list of one each of each distinct value and count the number of times this value occurs:\r<BR>\n" );
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document.write( "23	1<BR>\n" );
document.write( "32	1<BR>\n" );
document.write( "43	1<BR>\n" );
document.write( "55	1<BR>\n" );
document.write( "65	3<BR>\n" );
document.write( "70	1<BR>\n" );
document.write( "71	1<BR>\n" );
document.write( "74	1<BR>\n" );
document.write( "75	1<BR>\n" );
document.write( "77	1<BR>\n" );
document.write( "78	1<BR>\n" );
document.write( "79	1<BR>\n" );
document.write( "81	1<BR>\n" );
document.write( "82	1<BR>\n" );
document.write( "83	2<BR>\n" );
document.write( "91	1\r<BR>\n" );
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document.write( "Notice that the value 65 occurs 3 times which is more than any other value.  65 is the Mode.\r<BR>\n" );
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document.write( "John<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=\"/cgi-bin/rendertex.cgi?\LARGE e^{i\pi} + 1 = 0\"><BR>\n" );
document.write( "My calculator said it, I believe it, that settles it<BR>\n" );
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