How is the term 'Median' defined and calculated within the Spray Net Item 19?

According to Spray Net's 2025 Franchise Disclosure Document, the term 'Median' is defined as the data point that sits in the center of all data points within a given set. To find the median, you must first identify the middle number within that data set. If the total number of data points is an odd number, the median will be the center number. This definition is used within Item 19 of the FDD, which provides financial performance representations for Spray Net franchises.

Understanding the median is crucial for prospective franchisees as it provides a measure of central tendency that is less susceptible to extreme values compared to the average (mean). For example, if a few Spray Net franchisees have exceptionally high revenues, the average revenue might be skewed upwards, making it seem like franchisees typically earn more than they actually do. The median, on the other hand, represents the revenue earned by the 'typical' franchisee in the middle of the distribution.

Spray Net uses the median to present a more balanced view of financial performance, alongside averages, highs, and lows. This allows potential franchisees to assess the range of outcomes and understand what a 'typical' franchise might achieve. By considering both the average and median, prospective franchisees can gain a more comprehensive understanding of the potential financial performance of a Spray Net franchise and make a more informed decision.