Use the Following Data Sets to Answer the Questions

question 14

Multiple Choice

Use the following data sets to answer the questions:
Set A: 1, 2, 3, 4
Set B: 1, 1, 4, 7
Set C: 0, 5, 5, 10
Set D: 6, 6, 6, 6
-Which data set has a median of 2.5?

• A) Set A
• B) Set B
• C) Set C
• D) Set D

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Definitions:

Principal

In legal and financial contexts, the main party to a transaction or the original amount of money invested or loaned, before interest.

Independent Contractor

An individual or entity contracted to perform work for another entity as a non-employee, thus not entitled to employee benefits and subject to different tax treatment.

Agent

A person who is authorized to act for or in the place of another person (the principal).

Principal

A primary actor or agent in a financial transaction, often used to describe the main party responsible for an obligation in a financial contract.