If the Median in a Distribution Is 75, This Means

question 16

Multiple Choice

If the median in a distribution is 75, this means that

• A) 75 percent of the cases scored above the median.
• B) a score of 75 has the highest frequency.
• C) 75 is average score.
• D) a score of 75 divides the frequency distribution in half.

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Definitions:

Supply Curve

A graphical representation showing the relationship between the price of a good and the quantity of the good that suppliers are willing to sell.

Exit

The process by which businesses cease operations and leave a market, often due to unprofitability or strategic realignment.

Economies of Scale

The cost advantages that enterprises obtain due to scale of operation, with cost per unit of output generally decreasing with increasing scale.

Technology

The application of scientific knowledge for practical purposes, especially in industry.