All of the Following Are Ways of Defining the Median

question 66

Multiple Choice

All of the following are ways of defining the median of a distribution EXCEPT ______.

• A)the position average
• B)the point that divides the distribution in half
• C)the 50th percentile
• D)the arithmetic average

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Definitions:

Laissez-faire Market

An economic model where exchanges between individuals or businesses are not subject to governmental regulations, preferential treatments, duties, or financial support.

Economics

The social science that studies the production, distribution, and consumption of goods and services.

Sociology

The study of social behavior, society, patterns of social relationships, social interaction, and culture that surrounds everyday life.

Recession

A significant decline in economic activity spread across the economy, lasting more than a few months, typically visible in GDP, real income, employment, industrial production, and wholesale-retail sales.