Find the Median for the Given Sample Data

question 1

Multiple Choice

Find the median for the given sample data.
-The distances traveled (in miles) to 7 different swim meets are given below: 12, 27, 40, 49, 72, 73, 90
Find the median distance traveled.

• A) 40 mi
• B) 72 mi
• C) 52 mi
• D) 49 mi

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Definitions:

Actuarial Information

Data and analysis provided by actuaries, concerning the evaluation of financial risks, especially those related to insurance and pensions, using mathematics, statistics, and financial theories.

Capital Lease

A lease agreement that is classified as a purchase by the lessee for accounting purposes, allowing the lessee to benefit from asset depreciation and interest expense deductions.

Present Value

The current value of a future sum of money or stream of cash flows given a specified rate of return, often used in discounting cash flows.

Annuity Due

An annuity where payments are made at the beginning of each period instead of the end.