What Is the Midrange of the Following Data Set

question 6

Multiple Choice

What is the midrange of the following data set?
1, 7, 6, 8, 0, 8, 14, 14, 14

• A) 7
• B) 8
• C) 1
• D) 14

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Definitions:

Labor Productivity

The output per worker, assessing how efficiently labor is utilized in production.

Technology Quality

Technology quality refers to the degree of excellence, reliability, and performance of technological products or systems.

Capital Quality

The degree of excellence of physical and intellectual assets used in the production of goods or services, affecting overall productivity and efficiency.

Simon Kuznets

An economist known for his work on economic growth and for formulating the concept of Gross Domestic Product (GDP) as a measure of national income.