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JAMB Economics 2004 Question 37

Question 37

Tools of Economic Analysis

In any set of data, median represents the

  1. A.value that is most representative of the data
  2. B.mid-position when the values are arranged in ascending or descending order
  3. C.mid-position when the values are arranged randomly
  4. D.difference between the highest and the lowest values when arranged in ascending order
Show the answer and explanation

Answer: B (mid-position when the values are arranged in ascending or descending order)

Explanation

The median is the middle value once the data are arranged in order of size.