You may hear about the median salary for a country or city. When the average income for a country is discussed, the median is most often used because it represents the middle of a group. Mean allows very high or very low numbers to sway the outcome but the median is an excellent measure of the centre of a group of data. To learn more about Statistics, enrol in our full course now: bit.ly/StatisticsDM To watch more videos related to Graphs And Statistics, click here: bit.ly/GraphsAndStatistics_DMYT
I've been trying to understand this for so long but everybody always explains it technically rather than practically. Your video helped me understand the first time I watched it! The mean may be mathematically correct, but not truly representative of the values within the data set.
It makes far more sense in terms of capital. Just imagine the mean and median of all the salaries earned per person per month. It is easy to see that the few people earning millions will offset the salaries to much higher values. In Germany, I remember seeing the mean at 2.8k netto while the median is more close to 2k. That is a 40% difference, which is quite significant if you ask me. But its great it helped you, I have always had the problem, that if I don't find a real life application, I end up not being able to use these mathematical concepts later on.
So true. When I am looking at wealth report, I always look at median and the Gini Coefficent (since I am interested in how things are distributed not if they are shared equally) first then I look at the mean since the mean is 'this is what you would see if everything is shared equally . Say the mean of two fictitious countries , A and B with a population of 7 adults is 50,000, but while country A distribution is 50 k , 50 k , 50 k, 50 k , 50 k , 50 k 50 k , country B is 0 , 0 , 0, 0, 100 k, , 100 k 150 k . Here both countries have the same mean 50,000 (350/7 and 350/7), but while country A median is 50,000 country B median is just 0 dollar. Here this tells me that half of country B population have less than zero in wealth indicating that wealth are NOT distributed the same as in country A . but one only knows this is case after looking at the mean and see the large difference between it and the median as in one case the difference is 50,000 (50k - 0)and in the other it is zero (50-50) meaning that in country A wealth is evenly distributed among the 7 adults while in country B less than half adults have all the wealth. So if you look at total wealth for both countries you will see 350 billions, but does NOT tell you how that it is distributed until you start to observe the median. The mean is like everyone in a room getting the same slice of cake or everyone (including billionaires, millionaires, upper class income, etc) don't stop spreading their wealth until everyone has the same wealth, so it doesn't really tell how things are distributed just 'what if they were' such as five friends having a total of 100 dollars in the pocket and they don't stop distributing until each has 20 dollars, so the friend who started with 50 dollars he ended up with 20 dollars and the one with 0 dollar he ended with 20 dollar until they all have 20 dollar each and that is the mean.
Woooow what a good and valuable video it is !!! Thanks for teaching The video was more better than 40 min maths class and that math class is very boring but after seeing this video l think 🤔 this video is much better than 40 min maths class ... Yes who really agree with me ???
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Thank you so much Sunny for your appreciation. We are glad that you understood the concept. We are happy that we could help you learn. You really motivate us. 😊😊
You have explained very nice but still I have not understood the concept of median so is there any others vedio from which I can learn more something about that please!!
You're most welcome. We are really happy to hear that it was helpful to you. We are glad that you understood the concept. For more videos, please visit our website - dontmemorise.com/
Thank you so much for your appreciation. We are glad that you understood the concept. We are happy that we could help you learn. Do support us by subscribing to our channel. 👍👍
3:10 or you could define 85 as an outlying value and take the mean of the 4 people left and come up with an average of 7,5 years, which is more accurate in my opinion.
![Application of Mean, Median and Mode [In Real Life] [Uses in Real Life]](/img/n.gif)
You may hear about the median salary for a country or city. When the average income for a country is discussed, the median is most often used because it represents the middle of a group. Mean allows very high or very low numbers to sway the outcome but the median is an excellent measure of the centre of a group of data.
To learn more about Statistics, enrol in our full course now: bit.ly/StatisticsDM
To watch more videos related to Graphs And Statistics, click here: bit.ly/GraphsAndStatistics_DMYT
Thanks ma'am i understanded it
I understood
Instablaster
Should we count 0 as median while ascending it?
tnx
I've been trying to understand this for so long but everybody always explains it technically rather than practically. Your video helped me understand the first time I watched it! The mean may be mathematically correct, but not truly representative of the values within the data set.
It makes far more sense in terms of capital. Just imagine the mean and median of all the salaries earned per person per month. It is easy to see that the few people earning millions will offset the salaries to much higher values. In Germany, I remember seeing the mean at 2.8k netto while the median is more close to 2k. That is a 40% difference, which is quite significant if you ask me.
But its great it helped you, I have always had the problem, that if I don't find a real life application, I end up not being able to use these mathematical concepts later on.
I blamed myself all the time during my childhood for not being good at maths. Now, i realize that it was my teachers who were to be blamed.
Exactly it was dont blame your sharp and imaginary childhood brain 😊
after two months of statistics I finally understand the reason for so many choices in the central tendency. thank you!!!
So true.
When I am looking at wealth report, I always look at median and the Gini Coefficent (since I am interested in how things are distributed not if they are shared equally) first then I look at the mean since the mean is 'this is what you would see if everything is shared equally
. Say the mean of two fictitious countries , A and B with a population of 7 adults is 50,000, but while country A
distribution is 50 k , 50 k , 50 k, 50 k , 50 k , 50 k 50 k
, country B is 0 , 0 , 0, 0, 100 k, , 100 k 150 k .
Here both countries have the same mean 50,000 (350/7 and 350/7), but while country A median is 50,000 country B median is just 0 dollar. Here this tells me that half of country B population have less than zero in wealth indicating that wealth are NOT distributed the same as in country A . but one only knows this is case after looking at the mean and see the large difference between it and the median as in one case the difference is 50,000 (50k - 0)and in the other it is zero (50-50) meaning that in country A wealth is evenly distributed among the 7 adults while in country B less than half adults have all the wealth.
So if you look at total wealth for both countries you will see 350 billions, but does NOT tell you how that it is distributed until you start to observe the median.
The mean is like everyone in a room getting the same slice of cake or everyone (including billionaires, millionaires, upper class income, etc) don't stop spreading their wealth until everyone has the same wealth, so it doesn't really tell how things are distributed just 'what if they were' such as five friends having a total of 100 dollars in the pocket and they don't stop
distributing until each has 20 dollars, so the friend who started with 50 dollars he ended up with 20 dollars and the one with 0 dollar he ended with 20 dollar until they all have 20 dollar each and that is the mean.
Woooow what a good and valuable video it is !!!
Thanks for teaching
The video was more better than 40 min maths class and that math class is very boring but after seeing this video l think 🤔 this video is much better than 40 min maths class ...
Yes who really agree with me ???
Amazing... It made my concepts clear.
That's great! Happy Learning :)
@@InfinityLearn_NEET u deserve 1m subs
@@InfinityLearn_NEET yes they do!!
Thanks u so much this video 👍
Very clear and easy to understand. You got yourself a sub and a like!
great teaching
woh i realy learnt something
This made me understand all the things
excellent madam , do some more vedios
Thanks a lot for this wonderful class... 🙂
Excellent mam thanks very much
This type of teaching is need in all of the school of India 🇮🇳
Thank you a lot mam
Suitable example mam 🤗🤗🤗
Very Nicely explained the significance with an application.. Thanks
Thanks it's very amazing and easy
Thank you so much
Thank you mam for clearing the concept 😌✋.hats off to uh💕
Thank You
Nice video super thanks👍👍👍👌👌👌
It's very nice
NOMEEEEEEEEESSDSGSROTHNRORMBLBAD FVQROIE OJJCON43N9UTTW4U8RG9 FIEHIQHFHHW9FHRWEHGHWVHIWVIWH85GH9RVHDHGH48HRRGIHHGHOAOHF8ERF8 WEFE9REEOHDH FERHRFH CHD ERFIRE HFC DGVRD F GOG F F FEHFH F ERE JJFOFRIIHDAGHRAE GRFGEEGE RGUODGOAEHG8REHQENFDSA VERGERAG AEGERE G G DFG DWRTHWHT W HT WR H ARHGWR T HTRH WHAT WHAT WHAT WHABBBXDFRRJOJDVFD F BO FSV V DV V VDFFVFIBIDSI D G IHHGI IH ISG GI IJH HG JFBF JGF JGFJIGF GJI GS J GRT RG; ARER A EERH ;AER HAREA R AGRGAE RE ERHERAEHAGR A A FQSF FRRA FRRZ RZA RZA FRFAZAZ HARRA R A A ZF FZ FZ FZ F AFF FFFHRAHZUUAFAUAUH ZR AFF AUZHU AZ RAZ URUA ZRAUZ RAZ HH AZUAZHFFHZU FAA Z AUZ H HFZ HUF FZAAZ HUHZFFHZ ZAFHURRHAZU RAZUZHU ARZAHU UHZFRAZHU ZHU AZAHU ZUH AUAU ZAZUH RH ZRFZ HZUH Z HUAZ HUZ HU UZHZHU ZE AUE AZHE ZAE ZUHUA HUZZ HUZAH HUIZZ HU ZZU FZUU ZZUF FZUH ZEEZ HURZ UHZ ZA URZAUH Z HUIZAHUE EZA HZA HZAEUEUHZA ZH H ZRARZAFHAZ HUFAZ HFR HR HRZ HURFZ URHZF ZFH HZA HFZ ZHF AZZ ZZ HUZA HUAFFZIHRZAH LZHAL RZHLHFUALZFHUZLHFZH AULFZLH UFH ZULFRZHU Z FZUAFAHZRU FA ZHULFZF HULIZHUZ LHZRH FAFFZ AZGRSISRTVNWUTSVNWERTVE9WRU9EWR9RUWTNV49EUT VET9ERNNVÊ VT9TV 9W5 459V5 9VVV 454T99 V4^UO 0V 0DFGHHWGHR WR8DF CFDGHW CUHDHFV S8 F9SGR9E ERRHGIHRHHA EAIEHGHER9HERHHHHHHH9HHHHDHFD9 DF FGUG vdCYUSBF FVDFHIEAFHUIWRRVI W RDRFGHRSHG9V5G8RRHDSG ERĜHREI VWTGHGGHHFHIISHGHSFG EHRITH EHTWEHRIIH RHT SDGHFDPG HR GRHSGIUHUDGHDFUHGFHUHUHUGFHUSGUHUGGSHSHGUHGUHGHUUHGGUHUGUUHGUHSGHSGHUGFHUGFHUGFUHGHHUSGUSUHSGIFUHSHUFHUFDUISHFUHIOHUIHUGUGUIGSOHUUGUGHUIUHGUHGFSFDFHGIUSFHGDFUIGHFDGIFDHFHGDHHGFHFHFSHGFDHSGFHGHGHGFDHGHFDUGFHGHDHFGHHIFD HG IHFGIFFSUFHGFFFHGSIFGHCNRGHCNRGHC GR FGHBUGBGFB GF BGFB GF B GFBGB BG BG B VC CV CVVC VC V CV CV C CV CV CVC V CVVC V V CVC V CV V VVC V V V VC VCVC VC VCC V VC VCV CV VC V VC CVC VC CVC V CC V CV V CVC VV CV CV VC CV CV VCV CV CV CV CV CV CV CCVC V CV VCV CVC CV VC CV CV V CV CV CV CVC CV C VCV CV VCVC VC CV CV CV CV CV VVC VC CV CV CV CVV CCV VC V V V VV V V V C VC VC C VC V CV B S G F B F BB F XCV V F SDV DFV SDF F BFDM BM M GB GFBGMNB MF BGMG B GBM B MN M M F BGF MBG M FGBM BDM B GF BM GGF B GEM MG BM EMB EM BG EM BME M BENB BNN BM MG EM BG BEB GBGE EBG GBBBBBBBBBBBBBBBBBBBFRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRR RRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRR RRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRR44444RRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRGGREFFFFFFFFFFFFFFFFFFFFFFFFFFFFFTYTDYTTDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD5665D5D66666666666666666666666666666666666666666666666666666667IIIIIIIIIYIDTDTIDHGGGGGGGGGGGGGGGGGGGGGGGGGCCOGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGCCCCCCCCCCCCSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS
Very good explanation with a relatable example
Thanks a lot, Renuka!
Glad you understood the concept and could relate easily with example as well.
Keep watching 😊😊
You are a legend in describing the vedio.
This was really informative.
wonderful explanation
😃😃
Thanks 😄🙂☺
Your explanation are great
awesome example
Thank you so much. :)
l very much understand these videos, you explain very nicely, you make the concepts very clear!!!thanks a lot!!!
Wow it's very good explanation ✌🏻👍🏻
Keep it up
In median can we arrange the numbers in descending order?? Please reply!!
ascending and descending doesnt matters..
i know its too late to reply
This video was so clear, thank you! Now i'm ready for a meeting at work tomorrow lol...
Please make video on Statistics and Mean concept
Hi Sushma, we have a few videos on Statistics here: dontmemorise.com/course/view.php?id=42
Happy Learning. :)
Very good example!
Wish you best of luck.
Thanks a lot❤️❤️
Realy u teaching is very very good i am a fan of u .i love ur vedios
Thank you so much Sunny for your appreciation. We are glad that you understood the concept. We are happy that we could help you learn. You really motivate us. 😊😊
You are great ma'am
This is very good.
Very helpful thank you
NOPE
So thanks ma'am
You are most welcome, Manvi!
Keep watching! 🙂🙂
how did you learn all this
wow very nice
please make a video about partial differentiation
Great example 👍
You have explained very nice but still I have not understood the concept of median so is there any others vedio from which I can learn more something about that please!!
Awesome
Thank you so much, that's exactly what i needed right now!!
very nice
Thanks for sharing :)
Oh. I don't know weather grandpa enjoys it🤞🤞. But I love to see cartoons. especially cartoon network. I think ur also a fan of C.N
Does it work with this scenario 5,6,23,34,40
amazing explanation
Thank you so much for your appreciation. We are glad that you understood the concept. You motivate us to do better. Keep watching our videos : )
thanks a lot it helped a lot
You're most welcome. We are really happy to hear that it was helpful to you. We are glad that you understood the concept. For more videos, please visit our website - dontmemorise.com/
If there are four numbers in median then what will be the median??
Best video ever
Thank you so much for your appreciation. We are glad that you understood the concept. We are happy that we could help you learn. Do support us by subscribing to our channel. 👍👍
Good well done
Well explain
That was very good indeed.
Pl. give the proof of median formula for grouped data.
this is realy what i need
Thank you so much . For more videos, please visit our website - dontmemorise.com/
really awesome
3:10 or you could define 85 as an outlying value and take the mean of the 4 people left and come up with an average of 7,5 years, which is more accurate in my opinion.
It’s helpful
But what would be happen if there will be not a no. Exactly in the middle
Really very helpful thank you.. you're doing a great job.
Nice👌👌👌😀👍👍 ✌✌🖐🖐
Thanks for sharing :)
1:06 What if your set has 6 numbers? :D Outplayed.
What does the median value when we have 4 people
So median is basically for discrete data.
What happens when there are people with ages in years 1, 2,4,7,30,81,82,83, and you play a movie suited for a 30 year old
You'll be accused of playing favorites.
Nice
nice video
Thank you so much for your appreciation. We are glad that you understood the concept. You motivate us to do better. Keep watching our videos. 😊😊
what if there are a even number
What is mode please tell mam
Very nice :)
Thank you so much.
Happy Learning :)
I really hope grandpa us still alive it would be pity if he is dead rip cartoon loving grandpa
Fantastic
Great
Happy Learning :)
If 5,23 and 83 ages are there then what channel they have to watch....
23
Grandad sticks on cartoon network for the kids and has a cocktail for himself. My kind of babysitter.
its a very nice explanation, however what if there is only two age group 5 and 85
mmmmm still watching this.
but they same time the totle number is not a 5 they is 6 so what do in median
in median what if it has 6 values huh which one eill u take
:)
always Mean > Median ?
Pewdiepie fans are the best.
Difference b/w median vs trimmed mean?
Hello
What if we use mode instead of median ? At least 2 people will enjoy the tv show
How would a grandpa enjoy cartoon and not like a action movie
Honestly mean was closer😄😂
True C.N .
If 5,25,95 years members is there then what we have to take mean or median plz rply
ACTUALLY YOUR WRONG
UR QUESTION FORMTION IS WRONG
PLEASE SEND THE PROPER QUESTION SO THAT I CAN SOLVE IT AND GIVE U THE ANSWER
👍🙂
But the median of first one is 7.5
WOW
❤👍🏼