Question

Accountants often use the median when studying salaries for various businesses. What is the median of the following salary list: $32,063, 521,971; 827,512, S43,715, $38,860, $25,963?The median is

Answer 1

To determine the median, first, we order the given set of numbers from lowest to highest:

`21,971;25,963;27,512;32,063;38,860;43,715.`

Now, recall that the median is the number in the middle of the list, in this case, we have two numbers:

`\begin{gathered} 27,512\text{ and } \\ 32,063. \end{gathered}`

Therefore, the median is the average of the two:

`29,787.5`

Answer:

`29,787.5`