Find the Median for the Given Sample Data

question 20

Multiple Choice

Find the median for the given sample data.
-98, 69, 32, 69, 29, 98

• A)98, 69
• B)98
• C)69
• D)65.8

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Definitions:

Herfindahl Index

A measure of market concentration, calculated as the sum of the squares of the market shares of all firms in the industry.

Market Shares

The portion of a market's total sales that is controlled or held by a particular company or product.

Social Regulation

Rules imposed by government to correct market failures and achieve social goals, which include protecting consumers, workers, and the environment.

Net Benefits

The difference between the total benefits and total costs of a particular action or decision.