This document summarizes a lecture on randomized algorithms for approximating the median. It introduces a simple randomized algorithm called Rand-Approx-Median that takes an array as input and returns an element whose rank is approximately the median in O(log n log log n) time. The algorithm works by randomly sampling elements, sorting the samples, and returning the median of the sorted samples. The document analyzes the error probability of this algorithm using elementary probability theory and shows it has low error probability. It also emphasizes that designing and analyzing randomized algorithms requires insight into elementary probability concepts.