A Sociologist Recently Conducted a Survey of Senior Citizens Who

question 102

Multiple Choice

A sociologist recently conducted a survey of senior citizens who have net worths too high to qualify for Medicaid but have no private health insurance. The ages of the 25 uninsured senior citizens were as follows: $$\begin{array} { l l l l l } 72 & 77 & 70 & 80 & 90 \\78 & 65 & 93 & 69 & 94 \\73 & 96 & 80 & 66 & 85 \\67 & 72 & 85 & 74 & 77 \\64 & 91 & 79 & 68 & 86\end{array}$$ Find the median of the observations.

• A) 77
• B) 74
• C) 78
• D) 77.5

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Definitions:

Business Growth

The process of improving some measure of an enterprise's success, which can be achieved through increased revenue, profits, market share, or expansion.

Punitive Damages

Monetary compensation awarded to an injured party that exceeds simple compensation and is intended to punish the defendant.

Consequential Damages

Refer to indirect damages resulting from a breach of contract, not caused directly by the breach but instead by the subsequent consequences of that breach.

Liquidated Damages

A provision in a contract that specifies a predetermined amount of money that must be paid as damages in the event of a breach by one of the parties.