-Refer to Exhibit 12.1. The median income in the above figure is
A) $10,000.
B) $20,000.
C) $30,000.
D) $50,000.
E) $100,000.

Name: -Refer to Exhibit 12.1. The median income in the above figure is A) $10,000. B) $20,000. C) $30,000. D) $50,000. E) $100,000.
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Question

-Refer to Exhibit 12.1. The median income in the above figure is
A) $10,000. 
B) $20,000. 
C) $30,000. 
D) $50,000. 
E) $100,000.

Quizplus · Accepted Answer

The median income is the value that separates the data into two equal parts. In this case, there are 20 bars in total, and the median is located at the 10th bar from the left. This corresponds to an income of $30,000.