What Is the Median of the Following Data Set

question 22

Multiple Choice

What is the median of the following data set?
8, 11, 15, 16, 20

• A) 14
• B) 15
• C) 16
• D) 18

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Definitions:

Common Stock

A form of corporate equity ownership, a type of security representing an ownership stake in a company.

Paid-In Capital

The total amount of capital that shareholders have directly invested in a company through the purchase of its securities.

Retained Earnings

The portion of net income that is retained by the corporation rather than distributed to its shareholders as dividends.

Organizational Expenses

Costs incurred during the formation of a company, such as legal fees, registration fees, and promotional expenses.