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Acronyms that contain the term remedian
What does remedian mean? This page is about the various possible meanings of the acronym, abbreviation, shorthand or slang term: remedian.
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What does remedian mean?
- remedian
- In statistics and probability theory, the median is the value separating the higher half from the lower half of a data sample, a population, or a probability distribution. For a data set, it may be thought of as "the middle" value. The basic feature of the median in describing data compared to the mean (often simply described as the "average") is that it is not skewed by a small proportion of extremely large or small values, and therefore provides a better representation of a "typical" value. Median income, for example, may be a better way to suggest what a "typical" income is, because income distribution can be very skewed. The median is of central importance in robust statistics, as it is the most resistant statistic, having a breakdown point of 50%: so long as no more than half the data are contaminated, the median is not an arbitrarily large or small result.
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"remedian." Abbreviations.com. STANDS4 LLC, 2024. Web. 8 Jun 2024. <https://www.abbreviations.com/remedian>.
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