When There Is an Odd Number of Scores,the Median

question 14

Multiple Choice

When there is an odd number of scores,the median

• A)is the arithmetic average of the middle two scores.
• B)is the middle score.
• C)occurs within the real limits of the middle score(s)when there are duplications of the middle score(s).
• D)both a and c
• E)both b and c

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Definitions:

Autonomous Consumption

The level of consumption that occurs when income is zero, showing the basic level of consumption necessary for survival.

Permanent Income Hypothesis

A theory suggesting that people's consumption decisions are based on their long-term income expectations rather than their current disposable income.

Negative Savings

A situation where spending exceeds income, resulting in a deficit rather than savings.

Price Ceiling

A legally established maximum price that can be charged for a good or service, typically set by government.