Consider the Following Information The Number of Runs Above and Below the Sample Median

question 108

Multiple Choice

Consider the following information: $$\begin{array} { | l | c | c | c | c | c | c | } \hline \text { Observations } & 1 & 2 & 3 & 4 & 5 & 6 \\\hline \text { Num. of defects } & 10 & 18 & 13 & 15 & 9 & 12 \\\hline\end{array}$$
The number of runs above and below the sample median is:

• A) 3.
• B) 4.
• C) 5.
• D) 6.
• E) none of these.

---

Definitions:

Utilization Rate

Typically refers to the ratio of currently used resources to the total available resources, often used in the context of credit utilization or operational capacity.

Net Income

The total earnings or profit of a person or company after deducting all expenses and taxes.

Variable Costs

Expenses that fluctuate based on the amount of products or services a company generates.

Net Income

Net Income is the total profit of a company after all expenses and taxes have been deducted from revenue.