what is median pay
Median vs. Mean. Median is often confused with another statistic called the mean, or average. The mean of a data set is equal to the sum of all the data values divided by the total number of values in the data set.Consider a data set consisting of the following numbers: 1, 8, 9, 10 and 12.hen a data set has an even number of values, the average of the two values in the middle is usually used as the median. Median salary is simply the median of a set of salary data.