If a Data Set Has an Even Number of Observations

question 67

Multiple Choice

If a data set has an even number of observations, the median

• A) cannot be determined.
• B) is the average value of the two middle items.
• C) must be equal to the mean.
• D) is the average value of the two middle items when all items are arranged in ascending order.

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Definitions:

Cash Dividends

Payments made by a corporation to its shareholder members. It is the share of profits distributed.

Retained Earnings

The portion of net income left over for the business after it has paid out dividends to its shareholders, often reinvested in the business.

Earnings Per Share

A financial metric calculated by dividing a company's net income by the number of its outstanding shares.

Dividend Per Share

The amount of dividend that is paid out for each share of stock held by shareholders.