Median is an average of position or a positional average. This is called so, because its value is determined with reference to its position it the value column of a series.

**Definition**

Median may be defined as the value of the middle item of a series arranged in ascending, or descending order.As such, it divides a series into two equal parts; graphically it can represent as thus.

**Methods of Determination of Median**

As explained above, median cannot be computed like any mathematical average. However, its value can be determined by any of the following two methods:

- Tabular method and

2. Graphic method