The median is a measure of central tendency that represents the middle value in a data set when the values are arranged in ascending or descending order. One of the key properties of the median is that it divides the data into two equal halves, with 50% of the values lying below it and 50% above it. Unlike the mean, the median is not affected by extreme values or outliers, making it a more robust indicator of central location for skewed distributions. For a dataset with an odd number of observations, the median is the middle value, while for an even number, it is the average of the two middle values. The median is commonly used in fields such as economics, social sciences, and real estate, where outliers can distort other measures of central tendency.
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