Quantitative Methods Q104
104The discount rate set by the central bank of Romulus for the past 6 quarters is shown below:
| Quarter | Discount Rate | Quarter | Discount Rate |
| 1 | 10.0% | 4 | 8.5% |
| 2 | 10.5% | 5 | 9.6% |
| 3 | 11.4% | 6 | 11.5% |
The median is closest to:
- Option : A
- Explanation : Arrange the data in ascending order as: 8.5, 9.6, 10.0, 10.5, 11.4, 11.5 Since there are an even number of observations, take the average of the two middle values to calculate median: (10.0 + 10.5) / 2 = 10.25 Median = 10.25 percent
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