Examlex
Which of the following statements is true of the collective bargaining process of the National Mediation Board (NMB) ?
Median
The middle value in a data set, when the values are arranged in ascending or descending order, or the average of the two middle numbers when the dataset has an even number of observations.
Third Quartile
The value below which 75% of the data in a data set lie, representing the upper quartile of a distribution.
Mean
The average of a set of numbers, calculated by adding them up and dividing by the count of numbers.
Mean Household Income
The average amount of money earned by households in a particular demographic or area.
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