Practice Quiz

MTEL Business Practice Exam

Category - Business

Start a Study Session Sign up for Question of the Day
A company's research shows half their audience is under 40 years old while 50% of people make over $90,000 per year. What are these descriptive statistics referred to as?
  1. averages
  2. means
  3. modes
  4. medians
Explanation
Answer: D - These statistics are referred to as medians.

Key Takeaway: Median calculations are considered descriptive statistics and they shed light on a point in a data set whereby 50% of the data points fall above while 50% fall below. This is a common statistical term used in large census projects as well as marketing campaigns.
Previous
Was this helpful? Upvote!
Login to contribute your own answer or details
Start a Study Session Sign up for Question of the Day

Top questions

Related questions

Most popular on PracticeQuiz