The Following Data Represent the Salaries (In Thousands of Dollars)

question 38

Short Answer

The following data represent the salaries (in thousands of dollars) of a sample of 13 employees of a firm: $\begin{array}{|l|l|l|l|l|l|l|}\hline 26.5 & 23.5 & 29.7 & 24.8 & 21.1 & 24.3 & 20.4 \\\hline 22.7 & 27.2 & 23.7 & 24.1 & 24.8 & 28.2 & \\\hline\end{array}$ Compute the median salary.

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Definitions:

Human Capital

The combined abilities, expertise, and non-physical assets of people that contribute to creating financial worth.

Physical Capital

Assets that are tangible, such as buildings, machinery, and equipment, used to produce goods and services.

Future Income

Anticipated earnings or revenue one expects to receive in a forthcoming period, driven by employment, investments, or other sources.

Human Capital

The set of skills, acquired knowledge, and lived experiences present in an individual or a populace, evaluated in light of their value significance or cost to a corporation or a sovereign state.