A Statistics Student Made the Following Grades on Five Tests

question 7

Multiple Choice

A statistics student made the following grades on five tests: 84, 78, 88, 72, and 72. What is the median grade?

• A) 88
• B) 72
• C) 78
• D) 80
• E) 82

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Definitions:

Stockholders' Equity

The portion of the balance sheet that represents the owners' interest in the corporation, calculated as total assets minus total liabilities.

Cash Dividends

Payments made by a corporation to its shareholders from its profits in the form of cash.

Retained Earnings

The portion of a company's profits not distributed as dividends to shareholders, instead reserved for reinvestment in the business or to pay off debt.

Large Stock Dividends

Distribution of a greater than typical percentage of shares to shareholders, typically impacting the stock's value and distribution.