Exam 7: Median
Exam 1: Introduction to Business Mathematics and Statistics10 Questions
Exam 2: Sampling and Data Collection10 Questions
Exam 3: Data and Their Accuracy10 Questions
Exam 4: Frequency Distributions and Charts10 Questions
Exam 5: General Charts and Graphs10 Questions
Exam 6: Arithmetic Mean10 Questions
Exam 7: Median10 Questions
Exam 8: Mode and Other Measures of Location10 Questions
Exam 9: Measures of Dispersion and Skewness10 Questions
Exam 10: Standard Deviation10 Questions
Exam 11: Quantiles and the Quartile Deviation10 Questions
Exam 12: Linear Functions and Graphs10 Questions
Exam 13: Regression Techniques10 Questions
Exam 14: Correlation Techniques10 Questions
Exam 15: Time Series Model10 Questions
Exam 16: Time Series Trend10 Questions
Exam 17: Seasonal Variation and Forecasting10 Questions
Exam 18: Index Relatives10 Questions
Exam 19: Composite Index Numbers10 Questions
Exam 20: Special Published Indices10 Questions
Exam 21: Interest and Depreciation10 Questions
Exam 22: Present Value and Investment Appraisal10 Questions
Exam 23: Annuities10 Questions
Exam 24: Functions and Graphs10 Questions
Exam 25: Linear Equations10 Questions
Exam 26: Quadratic and Cubic Equations10 Questions
Exam 27: Differentiation and Integration10 Questions
Exam 28: Cost, Revenue and Profit Functions10 Questions
Exam 29: Set Theory and Enumeration10 Questions
Exam 30: Introduction to Probability9 Questions
Exam 31: Conditional Probability and Expectation9 Questions
Exam 32: Combinations and Permutations10 Questions
Exam 33: Binomial and Poisson Distributions10 Questions
Exam 34: Normal Distribution10 Questions
Exam 35: Linear Inequalities10 Questions
Exam 36: Matrices10 Questions
Exam 37: Inventory Control10 Questions
Exam 38: Network Planning and Analysis10 Questions
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The length of time that shoppers spend looking at the fruit and vegetables section in a supermarket is recorded (to the nearest minute). Calculate the median for the following data to 1 decimal place [length of time(frequency)]: 1(8); 2(12); 3(24); 4(28); 5(24); 6(5); 8(1); 10(1)
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Correct Answer:
A
Which of the following statements is a DISADVANTAGE of using the median?
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Correct Answer:
B
When using the graphical technique to estimate the median value in a grouped frequency distribution which the cumulative frequency percentage is plotted against which value?
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Correct Answer:
C
When trying to estimate the median value in a grouped frequency distribution which of the following statements IS true?
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Wim hires bicycles in Amsterdam. Last week he hired 48; 75; 16; 23; 92; 75; and 65 bicycles. What is the median value for this data?
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Having been given information about the age of patients in a hospital you work out that the median data point is in the class 65 and under 70. This class has a frequency of 67, the cumulative frequency up to the previous class is 217, the total number of patients in the hospital is 464. Calculate the median for this data.
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What method is used to calculate the median in a data set with an even number of values?
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Which of the following methods is the correct way to work out the median for a simple frequency distribution?
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Calculate the median for the following set of data: 3, 17, 6, 9, 4, 12
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