The Value Which Has Half of the Observations Above It

question 82

Multiple Choice

The value which has half of the observations above it and half the observations below it is called the

• A) midrange.
• B) median.
• C) mean.
• D) mode.

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Definitions:

Freight Costs

Freight costs are the charges involved in the transportation of goods from one place to another, often resulting from shipping or logistic operations.

Machine

A piece of equipment, generally powered mechanically, electrically, or digitally, used in the manufacturing or productive process.

Equipment Account

An account on the balance sheet that reports the value of equipment a company owns, less any accumulated depreciation.

Discount Taken

A reduction in the billed amount by a buyer, often for early payment, as an incentive from the seller.