A Store Manager Kept Track of the Number of Newspapers $$\begin{array} { l l l l l l l } 81 & 71 & 202 & 113 & 269 & 248 & 242\end{array}$$

question 8

Multiple Choice

A store manager kept track of the number of newspapers sold each week over a seven-week period. The results are shown below. $$\begin{array} { l l l l l l l } 81 & 71 & 202 & 113 & 269 & 248 & 242\end{array}$$ Find the median number of newspapers sold.

• A) 202 newspapers
• B) 113 newspapers
• C) 175 newspapers
• D) 242 newspapers

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Definitions:

Error Term

Represents the component of an observed variable that is not explained by the model used to estimate the variable, capturing the random variability in the data.

Time Trend

A pattern or direction in data that shows movement over a period of time.

Indicator Variable

A variable used in statistical models that takes on the value of 0 or 1 to indicate the absence or presence of some categorical effect or feature.

Smoothing Constant

A parameter used in exponential smoothing methods to adjust the level of smoothing applied to time series data, influencing the weight given to recent versus older observations.