The Median of an Ordered Data Set with 30 Items

question 133

True/False

The median of an ordered data set with 30 items would be the average of the 15^th and the 16^th observations.

---

Definitions:

Freshwater

Water with low concentrations of dissolved salts, essential for drinking, agriculture, and many industrial processes.

Human Capital

The combined abilities, expertise, and past experiences held by either a person or a group, considered in relation to their worth or expense to a business or nation.

Economics

The social science that studies how individuals, businesses, governments, and nations make choices on allocating scarce resources to satisfy their unlimited wants.

Scarcity

The fundamental economic problem of having limited resources to meet infinite wants, requiring choices and priorities in resource allocation.