When a Sample Has an Odd Number of Observations,the Median

question 114

Multiple Choice

When a sample has an odd number of observations,the median is the

• A)observation in the center of the data array.
• B)average of the two observations in the center of the data array.
• C)value of the most frequent observation.
• D)average of Q1 and Q3.

---

Definitions:

Glue Factory

A glue factory is an establishment where animal glue is produced, typically by boiling animal hides, bones, or connective tissues.

Corrective Taxes

Taxes designed to correct the effects of negative externalities, often imposed to encourage or discourage certain behaviors.

Social Optimum

A state in which resources are allocated in the most efficient way from the perspective of society as a whole.

Economic Efficiency

A state where all resources in an economy are optimally allocated to serve each individual or entity in the best way while minimizing waste and inefficiency.