The Excel MEDIAN function calculates the median value, which is the middle value of a dataset when the values are arranged in numerical order.
The function is useful for determining the central tendency of the data since it is not affected by outliers or extreme values. You can use the function for data analytics when working with a large range of values.
For example, if you have a dataset with values ranging from 0 to 100, the median value will be the middle number in the range, which is 50.
Use the MEDIAN function to analyze data with a small number of values, such as a survey of 5-10 people. The Excel function is a powerful tool for analyzing data and determining the central tendency of a dataset. It can be used to calculate the median of a single dataset or multiple datasets and to analyze data with a large range of values.