What Is the Median of the List Below

question 18

Short Answer

What is the median of the list below?
592, 576, 523, 594, 601, 532, 555, 566, 529, 578, 594, 582, 545

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Definitions:

Average Variable Cost

The sum of all variable expenses divided by the total output, indicating the cost of variable elements for each unit produced.

Accounting Profit

The net income for a company calculated by subtracting total expenses from total revenues.

Interest Rate

The amount charged, expressed as a percentage, by a lender to a borrower for the use of assets.

Sunk Costs

Expenses that have already been incurred and cannot be recovered.