What Is the Median of the Following Set of Values

question 13

Multiple Choice

What is the median of the following set of values? 10, 8, 5, 3, 14

• A) 5
• B) 7
• C) 9
• D) 8

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Definitions:

Value/Cost Scale

A measure or evaluation of the worth of a product or service in comparison to its cost, aiding in assessing its profitability or market value.

Criticality Scale

A system of ranking that assesses the importance or risk level of certain processes or components within an operation or system.

General Item

A non-specific term that can refer to any product or piece of merchandise without special requirements or characteristics.

Capacity Allocation

The process of assigning available resources or production capacity to meet varying demands, crucial for optimizing output and meeting customer needs.