Find the Median for the Given Sample Data $$\begin{array} { l l l l l l l } 81 & 71 & 202 & 113 & 269 & 248 & 242\end{array}$$

question 212

Multiple Choice

Find the median for the given sample data.
-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) 175 newspapers
• B) 113 newspapers
• C) 242 newspapers
• D) 202 newspapers

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Definitions:

Productive Efficiency

A state where a system can't produce more of one good without reducing the output of another, utilizing resources in the most cost-effective way.

Economic Profit

The discrepancy between the total sales of a corporation and its cumulative expenditures, including both manifest and concealed costs.

Productive Inefficiency

A situation in which a firm or economy is not producing goods and services at the lowest possible cost, often due to misallocation of resources or other factors.

Marginal Cost

The monetary cost of manufacturing one more unit of a good or service.