The Output Below Displays the Mean and Median for the State

question 12

Essay

The output below displays the mean and median for the state high school dropout rates in
year 1 and in year 5. $$\begin{array} { l r r } & \text { Year 1 } & \text { Year 5 } \\\text { N } & 51 & 51 \\\text { MEAN } & 28.22 & 26.56 \\\text { MEDIAN } & 27.53 & 25.18\end{array}$$ Use the information to determine the shape of the distributions of the high school dropout rates in year 1 and year 5.

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Definitions:

Semiannual Interest

Semiannual interest is interest that is calculated and paid twice a year on investments or loans.

Straight-Line Method

A depreciation technique that allocates an equal amount of depreciation expense over the useful life of an asset.

Semiannual Interest

Interest payments made twice a year on investments or loans.

Bond Payable

A long-term liability where a borrower agrees to pay back a specified sum of money plus interest to bondholders at future dates.