Suppose that a compensation professional would like to calculate the median salary.He/she orders four salaries as follows: $20,000,$22,000,$24,000,$26,000.What is the median salary for this data set?
A) $21,000
B) $22,000
C) $23,000
D) $24,000

Question

Quizplus · Accepted Answer

The median is the middle value in a data set. For an even number of observations, it is the average of the two middle numbers. Here, the two middle salaries are $22,000 and $24,000. The median is ($22,000 + $24,000) / 2 = $23,000.

Suppose That a Compensation Professional Would Like to Calculate the Median