Q:

In an editorial, the Poughkeepsie Journal printed this statement: "The median price minus the price exactly in between the highest and lowest minus..." Does this statement correctly describe the median? Why or why not? a) No. It describes the? mean, not the median. b) No. It describes the? midrange, not the median. c) No. It describes the? mode, not the median. d) Yes. It correctly describes the median.

Accepted Solution

A:
Answer:b) No. It describes the? mid range, not the median.Step-by-step explanation:The range is the difference between the minimum and maximum value of data. range is used measure skewness using all data points.Mean is measure of  the ratio of the sum of all the observations to the total number of observations in the data table. Median is the middle value of the data after arranging the data in ascending order. it depends upon the fact that the number of data are even or odd. Hence option b seem most appropriate data.