The Company Financial Officer Was Interested in the Average Cost

question 114

Multiple Choice

The company financial officer was interested in the average cost of PCs that had been purchased in the past six months.A random sample of the price of 10 computers was taken with the following results: $3,250,$1,127,$2,995,$3,250,$3,445,$3,449,$1,482,$6,120,$3,009,$4,000 What is the median?

• A)3447
• B)3213
• C)3250
• D)6120
• E)3445

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Definitions:

Laboratory Controls

Procedures or conditions that are used in experiments to ensure that the results are due to the independent variable being tested, and not to external factors.

Correlational Method

A research strategy that involves observing the relationship between two or more variables without manipulating them.

Variables

Variables are any characteristics, numbers, or quantities that can be measured or quantified and that can vary across subjects, time, or any other dimension in a study or experiment.

Research Techniques

Various methods and tools used to conduct scientific studies and gather empirical data, including experiments, surveys, observations, and interviews.