Apologies if this is a simple query, I have struggled to find an obvious solution on the wider web, though.
I am trying to calculate the median sale price across a total number of sales. Total 2046 sales at 17 different prices.
The data is in two columns. The first column contains the unit price. The second column contains the number of sales of that unit at that price.
Data in the attachement.
Any assistance appreciated.
Last edited by captainjazz; 06-21-2011 at 08:35 AM.
by inspection median is 9 (in c3 put = b3,in c4 put =b4+c3 drag down
median is the middle number (or mean of the middle 2 numbers if range even)
your median lies at sum(b3:b19)/2 which is 1023
you can see it lies between 985 and 1189 which corresponds to £9
the average price would be
=SUMPRODUCT(A3:A19,B3:B19)/SUM(B3:B19) which =£8.67
Last edited by martindwilson; 06-21-2011 at 09:34 AM.
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Thanks martindwilson. That makes sense.
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