Find the Midrange for the Given Sample Data

question 48

Multiple Choice

Find the midrange for the given sample data.
-18, 17, 1, 18, and 4

• A)98.3
• B)56.2
• C)70.3
• D)70.2

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Definitions:

Loanable Funds

The funds available in the financial markets for borrowing, influenced by savings, the policy rate, and other factors.

Equilibrium Level

The state at which market supply and demand balance each other, and, as a result, prices become stable.

Surplus

A situation in which the quantity of a good or service available exceeds the quantity demanded at the current price.

Loanable Funds

The total resources or funds available for borrowing in the financial markets, used for investments and other purposes.