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The mean of values surrounding the median. This can be either the mean of the 49th percentile and 51th percentile, or any [combination] of percentiles. [For example] the mean of the 25th and 75th percentile. If you have 5 values: 2, 4, 3, 1, 10 The mean is: 4 (the average value) The median is: 3 ([the center] value when sorted) The meandian (of the 25th and 75th percentile) is the mean of 1.75 and 5.5 which gives: 3.625.
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