Find the Median for the Given Sample Data

question 12

Multiple Choice

Find the median for the given sample data.
-The normal monthly precipitation (in inches) for August is listed for 20 different U.S. cities. Find the median of the data.
3.5 1.6 2.4 3.7 4.1
3.9 1.0 3.6 4.2 3.4
3.7 2.2 1.5 4.2 3.4
2.7 0.4 3.7 2.0 3.6

• A) 2.94 in.
• B) 3.45 in.
• C) 3.40 in.
• D) 3.50 in.

---

Definitions:

Variable Costs

Costs that move in parallel with the rate of goods or services output.

Sensitivity Analysis

The study of how the variation in the output of a model can be attributed to different variations in the inputs of the model, used to predict the impact of changes in economic variables.

Earnings Before Taxes

The income a company generates before taking into account the income tax expense.

Sales Price

The amount a buyer pays to purchase a product or service.