Exactly Half the Class Got a 70 on an Exam

question 26

Multiple Choice

Exactly half the class got a 70 on an exam and exactly half got a 90 on the exam. The median is

• A) 71
• B) 80
• C) 89
• D) 70 and 90

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Definitions:

Gift Tax

A tax on the transfer of property by one individual to another while receiving nothing, or less than full value, in return.

Fair Market Value

The price at which an asset would trade in a competitive auction setting, reflecting the value of the asset in the marketplace.

Gain

The financial benefit obtained when the selling price of an asset exceeds its purchase price.

Assumes Liability

Taking on the legal responsibility for a debt or obligation.