In the given example, the $8000 represents median of central tendency. The median is the number in the middle of a sorted, ascending or descending list of numbers, and it can be more descriptive of the data set than the average. It is the point above and below which half (50%) of the observed data falls, and thus represents the data's midpoint.
The median is the number in the middle of a sorted list of numbers. To find the median value in a series of numbers, sort the numbers in value order from lowest to highest or highest to lowest. The median can be used to approximate an average or mean, but it should not be confused with the actual mean.
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Answer:
a job i hate becasue they pay well
Explanation:
Answer:
$3,000
Explanation:
Data provided in the question:
Total amount of benefits paid to the insured = $4,000
Percentage paid by the insured = 25% of monthly premium
Now,
The total amount paid by the insured = 25% of $4,000
= 0.25 × $4,000
= $1,000
Therefore,
The monthly benefit that will be taxable
= Amount of benefits paid - total amount paid
= $4,000 - $1,000
= $3,000
The answer is (a). Goods can be touched, while services are providing labor and cannot be touched. For example, you cannot touch a haircut, while you can touch a burger.
Answer:
$3,270
Explanation:
Total machine-hours 80,000
Total fixed manufacturing overhead cost $ 624,000
Overhead absorption rate = 624,000/80,000 = $7.8
Variable manufacturing overhead per machine-hour $ 3.10
Total machine-hours 300
Fixed overheads = $7.8
Total Fixed overheads = 300 X 7.8 = $2,340
Total variable overheads = 300 X 3.1 = $930
Total overheads = $2,340 + $930 = $3,270