Find the Median for the Given Sample Data $$\begin{array} { l l l l l l l l l l l l l l } 12 & 3 & 6 & 8.5 & 13 & 16 & 19 & 34 & 69 & 73 & 99 & 130 & 142 & 167\end{array}$$

question 162

Multiple Choice

Find the median for the given sample data.
-Listed below are the amounts of time (in months) that the employees of a restaurant have been working at the restaurant. Find the median. $$\begin{array} { l l l l l l l l l l l l l l } 12 & 3 & 6 & 8.5 & 13 & 16 & 19 & 34 & 69 & 73 & 99 & 130 & 142 & 167\end{array}$$

• A) 26.5 months
• B) 19 months
• C) 60.1 months
• D) 55.8 months

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Definitions:

Inventory Turnover Ratio

Indicates how many times a company's inventory is sold and replaced over a certain period, calculated by dividing cost of goods sold by average inventory.

Inventories

Raw materials, work-in-process products, and completely finished goods that are considered to be the portion of a business's assets that are ready or will be ready for sale.

Operating Costs

Expenses associated with the day-to-day functions of running a business, excluding capital expenditures.

Net Sales

Revenue from sales transactions after deducting returns, allowances for damaged goods, and discounts.