I'll start by declaring I am no mathematician/statistician whatsoever. So be gentle.
I have a data set of 400 observations against discrete values from 1 to 10. Using excel, the median returned a value of 7. I created a histogram with this data set and it returned this:
I wanted to find the 50% value of the cumulative line and used the interpolation formula between 6 and 7, which resulted in a value of 6.42.
Is it correct to say that both 7 (median) and 6.42 are the 50th percentiles for this distribution? Is it accurate to say there can be two 50th percentiles? The data are discrete while the cumulative line is continuous on the graph. Is this the reason for the two different values?
Thank you for the help!
