What is the sample median of the following cost data?
Supplier: Cost of Sonar Inspection Unit
CUES:$ 80,000
RedZone: $ 92,500
Olsen Equipment: $ 92,500
Envirosight: $ 100,200
Collins: $ 140,000

Question

Quizplus · Accepted Answer

The sample median of the cost data provided is $92,500. The sample median is the "middle" value of the costs provided. The median can be determined by listing the values in numerical order and identifying the value that is in the middle of the list. If there is an even number of values in the list, the median value is the calculated average of the two middle values.
Solution: median = middle value
Supplier: Cost of Sonar Inspection Unit
CUES:$ 80,000
RedZone: $ 92,500
Olsen Equipment: $ 92,500
Envirosight: $ 100,200
Collins: $ 140,000

What Is the Sample Median of the Following Cost Data