Consider the Following Sample Data: 4,14,6,9,21,3,7,and 10

question 133

Short Answer

Consider the following sample data: 4,14,6,9,21,3,7,and 10.
Calculate the median.

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Definitions:

Import Substitution

An economic policy aimed at replacing foreign imports with domestic production to promote local industries.

Foreign Competition

Competition that domestic companies face from companies located in other countries, influencing markets, pricing, and innovation.

Trade Restrictions

Measures such as tariffs, quotas, and embargoes that countries impose to control the amount of trade across their borders.

Import-Substitution Policy

An economic strategy aimed at reducing dependence on imported goods by promoting domestic production of similar products.