The Median Is

question 38

Multiple Choice

The median is:

• A)The arithmetic average.
• B)The most commonly occurring value in a range of values.
• C)The middle value in a range of values.
• D)The last value in a range of values.

---

Definitions:

Seasonal Indexes

Quantitative measures that adjust data for recurring seasonal effects to better understand underlying trends.

Motor Oil Sales

The volume or amount of motor oil sold within a specific period.

Centered Moving Averages

A method used in time series analysis to smooth out short-term fluctuations and highlight longer-term trends or cycles by averaging data points in the middle of a set time window.

Quarterly Sales

The total sales revenue generated by a company or entity within a three-month period.