A Statistics Student Made the Following Grades on 5 Tests

question 57

Multiple Choice

A statistics student made the following grades on 5 tests: 84, 78, 88, 72, and 72.What is the median grade?

• A)88
• B)72
• C)78
• D)80
• E)82

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Definitions:

Productive Resource

An economic term for the inputs used in the production of goods or services in the attempt to make an economic profit.

Inelastic

Describing a situation where the demand or supply for a good or service is not highly sensitive to changes in price.

Loan Interest

The additional amount paid by a borrower to a lender in exchange for the use of borrowed money, often expressed as an annual percentage rate.

Loan

A form of financial agreement in which a lender provides funds to a borrower with the expectation of being repaid, usually with interest, over a specified period.