Find the Median for the Given Sample Data $$\begin{array} { l l l l l l } 78 & 126 & 238 & 284 & 310 & 356\end{array}$$

question 196

Multiple Choice

Find the median for the given sample data.
-The distances (in miles) driven in the past week by each of a company's sales representatives are listed below. $$\begin{array} { l l l l l l } 78 & 126 & 238 & 284 & 310 & 356\end{array}$$ Find the median distance driven.

• A) 238 mi
• B) 284 mi
• C) 198.50 mi
• D) 261 mi

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Definitions:

Coupon Bond

A type of bond that pays the holder a fixed interest rate (the coupon) at regular intervals until the bond matures, when the principal amount is repaid.

Zero-Coupon Bond

A debt security that doesn't pay interest (a coupon) but is traded at a deep discount, offering profit at maturity when the bond is redeemed for its full face value.

Duration

A measure of the sensitivity of the price of a bond or other debt instrument to changes in interest rates.

Yield To Maturity

The total return anticipated on a bond if it is held until the date it matures, including all payments of principal and interest.