What Is the Median of the Following Groups of Scores

question 3

Multiple Choice

What is the median of the following groups of scores: 4, 7, 8, 8, 9, 10, 12, and 14?

• A) 8
• B) 8.5
• C) 9
• D) 9.5
• E) None of these

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Definitions:

Corrective Taxes

Taxes designed to internalize externalities, typically by charging for negative externalities to correct market outcomes.

Internalize

The process of incorporating the cost of externalities into the decision-making processes of relevant parties, often through regulation or market-based incentives.

Corrective Taxes

Taxes designed to correct the market outcomes that are not efficient by themselves, usually by discouraging negative externalities.

Market-Based Solution

Strategies or policies that use market forces and principles to address and solve economic and social issues.