Which of the Following Methods Is the Correct Way to Work

question 9

Multiple Choice

Which of the following methods is the correct way to work out the median for a simple frequency distribution?

• A) Use the value of the class with the highest frequency
• B) Use the value of the class which contains the middle data point
• C) You have to calculate the mean and use this instead
• D) It is not possible the calculate the median in these circumstances

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Definitions:

Intangible Asset

An asset that lacks physical substance, such as intellectual property, brand recognition, or goodwill.

Dividends

Payments made by a corporation to its shareholder members, usually derived from the company's profits.

Common Stock

A type of security that represents ownership in a corporation and entails voting rights and a share in profits through dividends.

Cumulative

Describing something that increases or accumulates over time, often used in the context of dividends, voting rights, or data accumulation.