accountants often use the median when studying salaries for various businesses. what is the median of the…

accountants often use the median when studying salaries for various businesses. what is the median of the following salary list: $32,023, $21,983, $27,507, $43,702, $38,850, $25,972. the median is $

accountants often use the median when studying salaries for various businesses. what is the median of the following salary list: $32,023, $21,983, $27,507, $43,702, $38,850, $25,972. the median is $

Answer

Explanation:

Step1: Arrange salaries in ascending order

$21983, 25972, 27507, 32023, 38850, 43702$

Step2: Determine the middle - value

Since there are 6 (an even number) values, the median is the average of the 3rd and 4th ordered values. Median=$\frac{27507 + 32023}{2}$

Step3: Calculate the median

$\frac{27507+32023}{2}=\frac{59530}{2}=29765$

Answer:

$29765$