The median is a type of average. In common English usage, we tend to assume that the unmodified "average" should be interpreted as "mean", but that isn't necessarily always the case.
Any overage from a Research Agreement is applied randomly to an available tech. How that overage is assigned is not yet clear to me. I have had it assign the overage to techs that were largely completed, so it's not locking out techs using the 25% + 3
mechanism it was using previously.
RAs are considerably stronger than they used to be if you take Rationalism and build the Porcelain Tower. You can easily make four of the new RAs do the work of five of the old ones by manipulating your tech path to increase the median value of available techs, and four can even do the work of six at some points of the tree.
Couple that with the increase in late-game tech prices, and the result is that Rationalism is the single most powerful policy in the game for peaceful play, and the Porcelain Tower is the strongest Wonder for that style. The Hanging Gardens is debatably stronger for a pure warmonger, since it can easily be translated to numerous additional early units that become fully promoted.