Suppose that a compensation professional would like to calculate the median salary.He 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 salary is calculated by taking the average of the two middle numbers in an ordered list when the list has an even number of entries. Here, the two middle numbers are $22,000 and $24,000, so the median salary is ($22,000 + $24,000) / 2 = $23,000.

Suppose That a Compensation Professional Would Like to Calculate the Median