Using the median concept, it is found that it suffered a 11.16% decrease.
<h3>What is the median of a data-set?</h3>
It is the 50th percentile of the data-set, which is the value that separates the lower 50% from the upper 50%.
In this problem, the ordered data-set, in thousands of £, is given by:
{19.4, 39.8, 42.3, 42.5, 45.1, 47.9, 52.4, 53.5}
It has even cardinality, hence the median is the mean of the 8/2 = 4th and 5th terms, so:
M = (42.5 + 45.1)/2 = £43800.
It decreased from £49300 last year. The percentage decrease is the change divided by initial amount and multiplied by 100%, hence:
P = (49300 - 43800)/49300 x 100% = 11.16%.
More can be learned about the median concept at brainly.com/question/25215461
