Excel's __________ Function Can Be Used to Compute the Median

question 30

Multiple Choice

Excel's __________ function can be used to compute the median.

• A)MAX
• B)AVERAGE
• C)MEDIAN
• D)MODE

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Definitions:

Perfectly Elastic

A situation in which the quantity demanded or supplied changes infinitely in response to any change in price.

Government Revenue

The income received by government from taxes, fees, and other sources used to fund public services and obligations.

Tax

A mandatory fiscal fee or different form of levy placed on a taxpayer by a government entity to finance government expenditures and a range of public spending.

Inelasticities

A measure of the sensitivity, or lack thereof, of one variable to a change in another variable, typically used in economics to describe situations where changes in price have little to no effect on supply or demand.