Since the Median Is the Middle Value of a Data

question 3

Multiple Choice

Since the median is the middle value of a data set, it must always be _____.

• A) smaller than the mode
• B) larger than the mode
• C) smaller than the mean
• D) None of the answers is correct.

---

Definitions:

Merchandise

Goods that are bought, sold, and traded within a retail or wholesale business environment.

Accounts Receivable

Represents money owed to a business by its customers for goods or services delivered but not yet paid for, usually recoverable within a short period, like 30, 60, or 90 days.

Merchandise

Goods that are bought and sold within the retail industry.

Sales on Account

Transactions where goods or services are sold with the agreement that payment will be made at a later date, creating an account receivable.