I If There Is an Even Number of Ungrouped Values

question 76

Multiple Choice

i. If there is an even number of ungrouped values, then half of the values will be less than the median. ii. Extremely high or low scores do not affect the value of the median.
iii. There are always as many values above the mean as below it.

• A) (i), (ii) and (iii) are all correct statements
• B) (i) and, (ii) are correct statements but not (iii).
• C) (i) and, (iii) are correct statements but not (ii).
• D) (i) is a correct statement, but not (ii) or (iii).
• E) (i), (ii) and (iii) are all false statements.

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Definitions:

Aggregate Demand

Whole demand for merchandise and services in an economy, at a particular overall price point within a defined temporal scope.

Money Supply

The sum of all financial assets in an economy at a particular time, encompassing cash, deposits in banks, and other easily convertible assets.

Real GDP

Gross Domestic Product adjusted for inflation, measuring the value of all final goods and services produced within a country's borders in a given year, reflecting the real quantity of production.

Expansionary Monetary Policy

A policy by the central bank to increase money supply and encourage economic growth, typically through lowering interest rates.