FIGURE EX 8-1 
In Figure EX 8-1 above, the phrase Median Income is the ____.
Definitions:
Business Majors
Students specializing in business-related disciplines such as finance, marketing, management, or accounting during their tertiary education.
Population
The entire group of individuals or instances about whom the study is concerned, from which a sample may be drawn for analysis.
Descriptive Statistics
The branch of statistics that deals with the organization, display, and description of data sets.
Summaries
Concise explanations or overviews that encapsulate the main points or data from a larger set of information.
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