Ellen Is a Recent College Graduate

question 16

Multiple Choice

Ellen is a recent college graduate. She has decided to open a T-Shirt business and would like to create budget worksheet using Microsoft Excel 2013. She need to keep track of her expenses and income for the year.
-Ellen wants to find out what her median monthly spending is.The monthly totals for her spending appear in the range A10:L10.Which of the following is NOT a way to enter the MEDIAN function into her database?

• A)Type =MEDIAN(A10:L10) into an empty cell.
• B)Select the range A10:L10, click the Quick Analysis button, click TOTALS, and then click Median.
• C)Click the More Functions button in the Function Library group on the FORMULAS tab, point to Statistical, and then click MEDIAN.
• D)Click the Insert Function button in the Function Library group on the FORMULAS tab, scroll the Select a function list, then click MEDIAN.

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Definitions:

Employment

The condition of having a paid job or occupation, involving a contract between an employer and an employee that provides compensation for work performed.

Marginal Product

The additional output that is produced by adding one more unit of a variable resource, such as labor or capital, to the production process.

Average Product

The output produced per unit of a factor of production, calculated by dividing total product by the quantity of the input.

Textile Firm

A textile firm is a company that specializes in the production and distribution of fabrics and fabric-based products.