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:

Required Reserve Ratio

The fraction of deposits that banks are required to hold in reserve and not lend out, set by the central bank.

Required Reserves

This refers to the minimum amount of funds that a bank must hold in reserve against deposit liabilities, as mandated by central banking authorities.

Asymmetric Information

A situation in which one party in a transaction has more or superior information compared to another, potentially leading to an imbalance or unfair advantage.

Creditworthiness

The assessment of a borrower's ability to repay loans based on their financial history, including factors like income, debt levels, and credit score.