Author Question: What is the value called that occupies the middle position when the data are ranked from lowest to ... (Read 50 times)

hbsimmons88 · **on:** Jun 24, 2018

What is the value called that occupies the middle position when the data are ranked from lowest to highest?
a. the mode

b. the mean

c. the range

d. the median

Question 2

Which function is often required in simulations where we must model a process over multiple time periods and take the uncertain timing of events into account?
a. RISKMIN
b. RISKMAX
c. NPV
d. IF
e. none of these choices