If There Are an Odd Number of Observations in a Set

question 109

Multiple Choice

If there are an odd number of observations in a set of ungrouped data that have been arrayed from low to high or vice versa, where is the median located?

• A) n
• B) n/2
• C) (n + 1)/2
• D) n + 1/2

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Definitions:

Present Value

The current value of a future sum of money or stream of cash flows given a specified rate of return.

Annual Cash Operating Costs

The total amount of money a business spends on its operations over the course of a year, excluding non-cash expenses.

Simple Rate

The percentage increase or interest rate in a financial calculation, often straightforward or uncomplicated.

Net Present Value

A method used in capital budgeting to analyze the profitability of an investment, calculating the difference between present values of cash inflows and outflows.