myz-vgb.ru A Business Encyclopedia

Sampling Distribution of Median

Definition: The Sampling Distribution of Median shows the distribution of sample medians, a mid-value in the items arranged in some chronological order in the sample drawn from the population.

If the population is large approximated by the normal distribution with mean? And a standard deviation σ, the medians of random samples of size n are distributed with mean? And a standard deviation 1.2533σ/√n. The sampling distribution of the median is likely to be normally distributed when the sample size ‘n’ is large.

The standard deviation of the distribution of sampling median is called as the standard error of the median and is expressed as:

sampling distributionm of median and sample standard deviations-1Thus, it is clear from the above explanation that the expectation of the median is same as that of the mean, but the standard error of the median is 1.2533 times of the standard error of the mean.

Leave a Reply

Your email address will not be published. Required fields are marked *

Shares

Related pages


what is the johari window modelcharacteristics of a laissez-faire leaderdefinition for moratoriumconstant elasticity of substitution definitionwhat is compensation in hrmconglomerate diversification meaningdefine utility maximizationlpp simplex methodjohari window meaningjob enlargementsingal meaningdefinition of geocentric modelcrr in bankmotivation theroieswhat is correlational analysisoligopoly explainedthe meaning of moratoriumlist of ethical theoriespiecework definitionnetwork analysis critical path methodgraduate aptitude test for engineeringlaw of diminishing marginalschumpeter theory of innovation pptbrand equity pyramidmonopolistic competitiomarginal standing facility definitioncharacteristics of oligopoly in economicsmoral sausionoligopoly control over pricesingle proprietorship definitionwhat defines a monopolydefinition of variable expensesdisguise definestaggered boardfactors influencing consumer behaviormeaning of quick ratiowhat are the causes of demand pull inflationcyclical economics definitionpoison pill financewhat is the meaning of divestdefensive strategies in strategic managementthe concept of collective bargainingwhat does divest mean in businessincome tax return form itr-1assets turnover ratio analysisloafing meaningdefine selection in hrmdivested meaningweakness of performance appraisaluntapped market definitionwhat is a balloon payment loanmeaning of demand depositsjawboning definitionmeaning of perfect competitionmotivation theories herzbergwhat is organizational communication definitionunitary elasticdefine telephonicallypavlovian classical conditioningmeaning of chequessimplex method is used forlpp problemsfiedler leadership stylessemantic barriers definitiondefine acid test ratiomeaning of forward contractdefine oligopoliesfactors affecting consumer decision making processgoing rate pricing strategycyclical unemploymentmeaning of exposed in hindimrs definition economicsbusiness cycle in managerial economicsmonetary policy tools definition