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:

Lump-Sum Tax

A tax that is a set amount, no matter the taxpayer's income level or economic activity.

Proportional Tax

A taxation framework where the same rate is consistently applied to everyone, with no variation based on the amount of income.

Marginal Tax Rate

The rate at which tax is charged on an additional dollar of income.

Average Tax Rate

The ratio of the total taxes paid to the total taxable income, showing the portion of income that goes to taxes.