E22: Why calculating Median can be better than a Mean or Average

Lean Six Sigma Bursts - A podcast by Brion Hurley

Categories:

Business

Most people calculate the average when summarizing data, but what about the median? The median is not as sensitive to outliers and skewed data, and can be a better indicator of the typical or most common outcome in your data. Links Wikipedia: Median BIZ-PI.com LeanSixSigmaDefinition.com