In the Data Set 3 5 5 6 7 8

question 11

Multiple Choice

In the data set 3 5 5 6 7 8 8 9 10 10 10 15 17 20 20, which number represents the median of the distribution?

• A)5
• B)9
• C)10
• D)20

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Definitions:

Interest Income

Earnings from interest-bearing financial assets, such as loans, bonds, and savings accounts.

Capital Gains

The earnings obtained from an asset or investment when the sale price is higher than the initial buying price.

Marginal Tax Rates

The amount of tax paid on an additional dollar of income, which varies according to the income bracket of the taxpayer.

Provincial Tax Brackets

These are income range segments established by provincial governments in Canada, where each range is taxed at a specific rate, affecting how much income tax a person pays based on their income.