The assignment requires students to create a project in C++ that computes the mean and median of a sequence of integers input via standard input, utilizing loop structures, conditional branching, and function manipulation. Students will work within a specified directory, submit four files (stats.h, stats.cpp, main.cpp, makefile) and must adhere to technical specifications including error-free compilation and proper function prototyping. Emphasis is placed on understanding sorting algorithms, particularly insertion and selection sort, to calculate the median and to handle input correctly until a specified limit or non-digit is encountered.