Question

HW ScaPoinAccountants often use the median when studying salaries for various businesses. What is the median of the 3following salary list: $32,023; $21,971; 27,596;43,795;$38,850, $25,963

Answer 1

Given:

The salary's are 32023 ,21983, 27507, 43702, 38850, 25997.

Required:

Find median.

Explanation:

The median is the middle value when a data set is ordered from least to greatest.

So, sorted data is as:

$21983,25997,27507,32023,38850,43702$

The median is average of two middle terms in case of even counts of data.

So,

$\begin{gathered} Median=\frac{27507+32023}{2} \\ Median=\frac{59530}{2} \\ Median=29765 \end{gathered}$

Answer:

The median is 29765.