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  2. Median - Wikipedia

    en.wikipedia.org/wiki/Median

    The median can thus be applied to school classes which are ranked but not numerical (e.g. working out a median grade when student test scores are graded from F to A), although the result might be halfway between classes if there is an even number of classes. (For odd number classes, one specific class is determined as the median.)

  3. Statistical data type - Wikipedia

    en.wikipedia.org/wiki/Statistical_data_type

    In statistics, data can have any of various types. Statistical data types include categorical (e.g. country), directional (angles or directions, e.g. wind measurements), count (a whole number of events), or real intervals (e.g. measures of temperature).

  4. Median absolute deviation - Wikipedia

    en.wikipedia.org/wiki/Median_absolute_deviation

    The median absolute deviation is a measure of statistical dispersion. Moreover, the MAD is a robust statistic , being more resilient to outliers in a data set than the standard deviation . In the standard deviation, the distances from the mean are squared, so large deviations are weighted more heavily, and thus outliers can heavily influence it.

  5. Statistical classification - Wikipedia

    en.wikipedia.org/wiki/Statistical_classification

    Algorithms of this nature use statistical inference to find the best class for a given instance. Unlike other algorithms, which simply output a "best" class, probabilistic algorithms output a probability of the instance being a member of each of the possible classes. The best class is normally then selected as the one with the highest probability.

  6. List of probability distributions - Wikipedia

    en.wikipedia.org/wiki/List_of_probability...

    It is ubiquitous in nature and statistics due to the central limit theorem: every variable that can be modelled as a sum of many small independent, identically distributed variables with finite mean and variance is approximately normal. The normal-exponential-gamma distribution; The normal-inverse Gaussian distribution

  7. Quartile - Wikipedia

    en.wikipedia.org/wiki/Quartile

    If you do not choose the median as the new data point, then continue the Method 1 or 2 where you have started. If there are (4 n +1) data points, then the lower quartile is 25% of the n th data value plus 75% of the ( n +1)th data value; the upper quartile is 75% of the (3 n +1)th data point plus 25% of the (3 n +2)th data point.

  8. What Is the Median Household Income for the Lower Middle ...

    www.aol.com/finance/median-household-income...

    "The middle class is shrinking." You may have heard this phrase repeated on the news or during conversations with friends. Find Out: Here's How Much the Definition of Middle Class Has Changed in ...

  9. Weighted median - Wikipedia

    en.wikipedia.org/wiki/Weighted_median

    The lower weighted median is 2 with partition sums of 0.49 and 0.5, and the upper weighted median is 3 with partition sums of 0.5 and 0.25. In the case of working with integers or non-interval measures, the lower weighted median would be accepted since it is the lower weight of the pair and therefore keeps the partitions most equal. However, it ...