For a Data Set with an Odd Number of Observations

question 5

Multiple Choice

For a data set with an odd number of observations that have been sorted from smallest to largest values, where is the median located?

• A) n
• B) n/2
• C) (n + 1)/2
• D) n + ½

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Definitions:

World Price

The international market price of a good or service, influenced by global supply and demand conditions, relevant in international trade contexts.

Imported Apples

Apples that are brought into a country from abroad for sale.

United States

A country located in North America consisting of 50 states, known for its large economy and diverse population.

Free Trade

A policy regime in which governments do not restrict imports from, or exports to, other countries through tariffs, quotas, or other trade barriers.