The Median Is Determined by

question 11

Multiple Choice

The median is determined by

• A) arranging the scores in increasing order and finding the middle score.
• B) finding the most frequently occurring score.
• C) adding up all the scores and dividing by the number of scores.
• D) dividing the middle score by the number of scores.

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Definitions:

Present Consumption

The use of goods and services for immediate satisfaction or needs, as opposed to saving for future use.

Loanable Funds

The supply of available capital in the financial markets for borrowing, which can be used for investment purposes by individuals and businesses.

Future Consumption

The use of goods or services at a later date, often facilitated by saving or investing in the present.

Productivity of Capital Goods

The effectiveness with which capital goods, such as machinery and equipment, produce goods or services.