If 50% of the Cases Fall Above a Given Point

question 5

Multiple Choice

If 50% of the cases fall above a given point, then 50% must also fall

• A) below that point
• B) between the mean and median
• C) between the first and fifth deciles
• D) none of these, since the distribution can never account for 100% of the

---

Definitions:

Salaries

Payments made to employees typically on a monthly or biweekly basis for their work or services.

Insurance

A contractual arrangement in which a company (insurer) provides compensation or coverage against losses or damages in return for payment of a premium.

Adjusting Entry

A journal entry made in accounting records at the end of an accounting period to allocate income and expenditures to the appropriate period.

Prepaid Expenses

Prepaid expenses are costs for goods or services that are paid in advance of the receipt or use, recognized as assets on a balance sheet.