The Median Is

question 50

Multiple Choice

The median is:

• A) the average of the responses computed by summing all responses and dividing by the number of responses
• B) the response that separates the top half of response frequencies from the bottom half
• C) the most frequently occurring response
• D) the arithmetic mean of the responses

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Definitions:

Capitalized

Expenses or costs that are recorded as an asset on a balance sheet rather than expensed, with the anticipation of future benefit.

Inventory

The total amount of goods and materials held by a business for the purpose of resale or production.

Fixed Costs

Expenses that remain constant regardless of business activity levels, including long-term leases, salaries, and insurance premiums.

Variable Cost

A cost that varies with the level of output or production volume.