AVERAGE, MEDIAN, QUARTILE - do you know the difference?
In this simple but effective explanation understand what these are and how & when to use them with your data. And yeah, Bill Gates walks into a bar...
0:00 - Bill Gates walks into a bar (the Average problem)
0:59 - AVERAGE Explained
2:12 - Calculating AVERAGE in Excel
2:40 - MEDIAN Explained (AVERAGE vs. MEDIAN)
4:27 - QUARTILES Explained
5:53 - Important Rule when working with data (always see the data)
7:30 - How to apply these ideas in work
Median, Quartiles And Percentiles (Ungrouped Data)
In these lessons, we will learn how to find the median, quartiles and percentiles of ungrouped data (discrete data).