We can calculate its mean by performing the operation. Then the deviation of the data points from this value is calculated. For example to get the median of all amounts in our sales report use this formula.
Lets look at an example.
It is called Assumed mean method. 6 10 3 27 19 2 5 14. Suppose you buy 10 pounds of tomatoes. The mean x of a data set is the sum of all the data divided by the count n.