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Question on: SS1 Economics - Types Of Central Tendency, Merits And Demerits And Simple Application:

How is the median calculated?

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A

By summing all values and dividing by the number of observations

B

By taking the most frequent value in the data

C

By arranging the data in order and taking the middle value

D

By determining the width of each class in the frequency distribution

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Correct Option: A

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