What Is the Median of the Following Distribution of Scores

question 60

Multiple Choice

What is the median of the following distribution of scores: 1,2,3,7,7

• A) 3
• B) 4 
• C) 5
• D) 7

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Definitions:

Obsolescence

The process of losing value or utility, often due to technological advancements, changes in consumer preferences, or wear and tear.

Quality of Receivables

An assessment of the likelihood that the amounts owed to a business by its debtors will be collected.

Likelihood of Collection

An assessment of the probability that accounts receivable or other debts will be successfully collected from debtors.

Factoring Fee

A charge assessed by a factoring company for providing cash advances to businesses by purchasing their accounts receivable at a discount.