Use the Data Set 7, 8, 9, 10

question 33

Short Answer

Use the data set 7, 8, 9, 10.
What value can you add to this data set that will make the median equal to 8.5?

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Definitions:

Labor Supply

The total hours that workers wish to work at a given wage rate, or the workforce available for employment.

Payroll Tax

Taxes imposed on employers and employees, calculated as a percentage of the salaries that employers pay their staff, used to fund social security and other government programs.

Corporate Income Tax

A tax imposed on the net income (profit) of corporations, calculated at a corporate tax rate.