What Is the Median of the Following Set of Eleven

question 32

Multiple Choice

What is the median of the following set of eleven grades? 55 60 62 67 70 72 75 76 77 85 95

• A) Since these are interval-ratio scores, the median cannot be found.
• B) 70
• C) 71
• D) 72

Learn how to graphically represent data, specifically through line charts and histograms.

Interpret graphical data representations, such as line charts and scatter diagrams, to identify patterns and trends.

Recognize the appropriate graphical representation for various types of data.

Understand the concept of linear relationships as depicted in scatter diagrams.

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Definitions:

Fixed Costs

Expenses that remain constant regardless of the business's production or sales activity, including insurance and lease payments.

Variable Cost

Expenses that vary directly with the production output, including costs of raw materials and direct labor.

Selling Price

The amount of money for which a product or service is sold to customers.

Contribution Margin Ratio

A financial metric that measures how effectively a company can cover its variable costs with revenue, calculated as contribution margin divided by sales revenue.