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

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

FromLean Six Sigma Bursts


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

FromLean Six Sigma Bursts

ratings:
Length:
12 minutes
Released:
Feb 20, 2021
Format:
Podcast episode

Description

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



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Send in a voice message: https://podcasters.spotify.com/pod/show/leansixsigmabursts/message
Released:
Feb 20, 2021
Format:
Podcast episode

Titles in the series (100)

Brion Hurley from Business Performance Improvement shares his takes and thoughts on a variety of topics related to process improvement (specifically Lean and Six Sigma methods), Bursts are rapid improvement activities, so this sounded like a good word to use for these short audio clips. We'll try to keep them under 10 minutes each. Have a question? Use the anchor app to leave us a voice message, and we might pick your question for our next episode!