In an editorial, the Poughkeepsie Journal printed this statement: "The median price--the price exactly in between the highest and lowest--..." Does that statement correctly describe the median? Why or why not?

What is the definition of the median?

http://en.wikipedia.org/wiki/Median

median

no it dose not describe the median price

The statement in the editorial, "The median price--the price exactly in between the highest and lowest--..." does correctly describe the concept of the median. The median is a measure of central tendency that represents the middle value in a dataset when it is arranged in ascending or descending order.

To determine the median, you need to follow these steps:

1. Arrange the numbers in the dataset in ascending or descending order, depending on your preference.
2. Identify the middle value. If the dataset has an odd number of values, the middle value is the median. If the dataset has an even number of values, the median is the average of the two middle values.

In the case of the editorial's statement, it correctly explains that the median is the price exactly in between the highest and lowest values in the dataset. This implies that the dataset needs to be sorted first, and then the median is determined by finding the value at the middle position.