A sample of single persons receiving social security payments revealed these monthly benefits: $826, $699, $1,087, $880, $839 and $965. How many observations are below the median?
A) 0
B) 1
C) 2
D) 3
E) 3.5

Question

Quizplus · Accepted Answer

To find the median, first arrange the data in ascending order: $699, $826, $839, $880, $965, $1,087. The median is the average of the 3rd and 4th values: ($839 + $880)/2 = $859.5. There are 3 observations below the median: $699, $826, and $839.

A Sample of Single Persons Receiving Social Security Payments Revealed