Median

Term from Analysis industry explained for recruiters

A median is a basic but important statistical tool used to find the middle value in a set of numbers. Unlike averages, which can be skewed by very high or low numbers, the median gives a clearer picture of what's typical in data. For example, when looking at salaries in a company, the median might be more useful than the average because it won't be thrown off by a few very high executive salaries. Analysts often use median alongside other measurements like mean (average) and mode (most common value) to get a complete understanding of data patterns.

Examples in Resumes

Analyzed customer satisfaction scores using median ratings to identify trends

Calculated median home prices for quarterly market reports

Used median and other statistical measures to evaluate employee performance metrics

Typical job title: "Data Analysts"

Also try searching for:

Statistical Analyst Market Research Analyst Business Analyst Data Scientist Research Analyst Quantitative Analyst Financial Analyst

Example Interview Questions

Senior Level Questions

Q: How would you explain when to use median versus mean in a business context?

Expected Answer: A senior analyst should explain that median is better when dealing with skewed data like housing prices or salaries, where extreme values can distort averages. They should provide real-world examples and explain how this choice impacts business decisions.

Q: How do you handle outliers when calculating median values in large datasets?

Expected Answer: Should discuss methods for identifying outliers, when to keep or remove them, and how this affects the median. Should mention the importance of documenting decisions and considering business context.

Mid Level Questions

Q: What tools do you use to calculate median values in large datasets?

Expected Answer: Should mention common tools like Excel, SQL, or statistical software, and demonstrate understanding of when to use each tool based on data size and requirements.

Q: How do you present median values to non-technical stakeholders?

Expected Answer: Should discuss visualization techniques, simple explanations, and ways to make the data meaningful to business users through comparisons and context.

Junior Level Questions

Q: What is the difference between mean and median?

Expected Answer: Should explain that median is the middle value when data is ordered, while mean is the average. Should provide a simple example showing when each might be more appropriate.

Q: How do you find the median in an even number of values?

Expected Answer: Should explain that you take the average of the two middle numbers when the dataset has an even number of values.

Experience Level Indicators

Junior (0-2 years)

  • Basic statistical calculations
  • Data entry and cleaning
  • Simple data visualization
  • Spreadsheet software usage

Mid (2-5 years)

  • Advanced statistical analysis
  • Data interpretation
  • Report creation
  • Statistical software usage

Senior (5+ years)

  • Complex statistical modeling
  • Team leadership
  • Strategic data analysis
  • Stakeholder communication

Red Flags to Watch For

  • Unable to explain basic statistical concepts in simple terms
  • No experience with data analysis tools
  • Poor understanding of when to use different statistical measures
  • Lack of attention to data accuracy and validation