Determine the Median of a Variable from Raw Data
-The

question 114

Essay

Determine the Median of a Variable from Raw Data
-The annual profits of ten internet businesses are listed below. Find the mean and median profits. Round the median to the nearest dollar. Which measure- the mean or the median- best represents the data Explain your reasoning. $$\begin{array} { l l l l l } \$ 1,172,246 & \$ 163,659 & \$ 440,584 & \$ 350,634 & \$ 290,596 \\\$ 186,731 & \$ 145,809 & \$ 143,209 & \$ 139,096 & \$ 125,106\end{array}$$

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Definitions:

High Levels

Referring to a state or position of great importance, intensity, or development.

Bureaucratic Organizations

Organizations characterized by a hierarchical structure, formal rules, and clear division of labor, often leading to efficient but potentially inflexible operations.

Basic Operating Rules

The foundational guidelines or procedures established for the operation of an organization, system, or machine.

Limited Input

A situation where decisions are made with incomplete, insufficient, or restricted information or participation from relevant stakeholders.