The _________ of a Data Set Is the Middle Number

question 9

Multiple Choice

The _________ of a data set is the middle number when the observations are arranged in order from smallest to largest.

• A) weighted mean
• B) mode
• C) median
• D) arithmetic mean

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Definitions:

Income Tax Return

The form or forms used to report income to a federal, state, or local tax authority and to calculate taxes owed.

Form W-3

The transmittal form used to submit information on total wages paid and taxes withheld from all employees' wages to the IRS, accompanying the W-2 forms.

Wage Income

Earnings received by an employee as a result of their employment, typically in the form of a salary or wages.

Marginal Tax Rate

The rate at which the last dollar of income is taxed, representing the rate that applies to each additional dollar of income, important for financial planning and decision-making.