Find the Median for the Given Sample Data A) 085 Oz
B) 0

question 142

Multiple Choice

Find the median for the given sample data.
-The weights (in ounces) of 21 cookies are shown. Find the median weight. $$\begin{array} { l l l l l l l } 0.89 & 1.39 & 0.89 & 1.62 & 0.88 & 0.88 & 1.08 \\1.39 & 1.53 & 0.99 & 0.89 & 1.37 & 1.40 & 0.71 \\0.47 & 1.37 & 0.88 & 1.40 & 1.72 & 0.88 & 0.56\end{array}$$

• A) 0.85 oz
• B) 0.71 oz
• C) 0.99 oz
• D) 1.39 oz

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Definitions:

Average Total Cost

The total cost per unit of output, calculated by dividing the total cost of production by the number of units produced.

Marginal Cost Curve

A graph that shows the change in the total cost of producing one additional unit of a good or service.

Diminishing Marginal Product

The principle that as additional units of a variable input are added to a fixed input, the additional output produced from each new unit decreases.

Marginal Cost Curve

A graphical representation showing how the cost to produce one additional unit of a product changes as production volume increases.