Find the Midrange for the Given Sample Data $$\begin{array} { l l l l l l l l l l l l l l } 11 & 21 & 29 & 35 & 49 & 57 & 61 & 61 & 71 & 76 & 85 & 93 & 132 & 142\end{array}$$

question 82

Multiple Choice

Find the midrange for the given sample data.
-Listed below are the amounts of time (in months) that the employees of an electronics company have been working at the company. Find the midrange. $$\begin{array} { l l l l l l l l l l l l l l } 11 & 21 & 29 & 35 & 49 & 57 & 61 & 61 & 71 & 76 & 85 & 93 & 132 & 142\end{array}$$

• A) 65.5 months
• B) 76.5 months
• C) 61 months
• D) 65.9 months

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Definitions:

Net Method

An accounting technique that records purchases after discounts, where the purchase price is reduced by the expected discount amount.

Journal Entries

Journal entries are the foundational recordings of all financial transactions in the double-entry bookkeeping system, indicating debits and credits to accounts.

Normal Balance

The side (debit or credit) of an accounting ledger where increases are recorded, reflecting the natural balance of an account.

Financial Statement

A formal record of a company's financial activities, including the income statement, balance sheet, and cash flow statement.