Question

Accountants often use the median when studying salaries for various businesses. What is the median of the following salary list: $32,023, $21,983, $27,596, 543,795, $38,860, $25.997?The median is $

Answer 1

Given:

Given the data set:

21983, 25997, 27596, 32023, 38860, 543795

Required: Median

Step-by-step explanation:

The median is the middle number in a sorted list of numbers. So, to find the median, arrange the data in ascending (or descending) order and find the middle number.

Ordering the data from least to greatest.

21983, 25997, 27596, 32023, 38860, 543795

There are two middle numbers, 27596 and 32023. So, the median is the average of these numbers.

`\text{ Median}=(27596+32023)/(2)=29809.5`

Final Answer: The median of the given data set is 29809.5.