What is the median value of the following set of numbers? __________ $1, 3, 5, 9, 6, 4, 8.$
To find the median value of a set of numbers, we first need to arrange the numbers in ascending order.
The given set of numbers is: $1, 3, 5, 9, 6, 4, 8$.
Arranging these numbers in ascending order, we get:
$1, 3, 4, 5, 6, 8, 9$
There are 7 numbers in the set. Since the count of numbers (N) is odd, the median is the middle value.
The position of the median is calculated using the formula:
Median Position = $\frac{N+1}{2}$
In this case, $N=7$, so:
Median Position = $\frac{7+1}{2} = \frac{8}{2} = 4$
The median is the 4th number in the sorted list.
Therefore, the median value of the set is 5.

The above frequency chart shows the frequency distribution of marks obtained by a set of students in an exam. From the data presented above, which one of the following is CORRECT?