When Trying to Estimate the Median Value in a Grouped

question 4

Multiple Choice

When trying to estimate the median value in a grouped frequency distribution which of the following statements IS true?

• A) The formula technique is usually preferred
• B) The graphical technique is usually preferred
• C) Both techniques will result in the same estimation (neither is preferred)
• D) The estimation of the median in this case should be avoided if possible

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Definitions:

Substitute Contract

A legal agreement that replaces a previously made contract, either rectifying it or substituting parties or terms in the contract.

Original Obligor

The individual or entity originally responsible for fulfilling the obligations of a contract or agreement.

Obligee

The party in a contractual agreement who is entitled to receive a performance or benefit from the obligor.

Express Consent

Clear and voluntary permission given by a person or party to another for a specific action or procedure, often communicated orally or in writing.