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Exam Code: CDMA1.0

Exam Name: Certified Digital Marketing Associate

Certification Provider: DMI

Related Certification: Certified Digital Marketing Associate

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A. Option B
B. Option D
C. Option C
D. Option A
Answer: D

The salesmen at Franklin Company earn bonuses of $500, $750, $1000, $1000, and $1500, respectively. What is the median bonus?
A. $4750
B. $1000
C. $950
D. $500
Answer: B
Explanation: The median bonus for salesmen at Franklin Company is $1000. The median is that number which evenly divides a set of numbers. In this case, there are five bonuses, and when arranged in order, the value $1000 lies at position 3, in the middle. The mean of a set of numbers is the same as the average. It is calculated by adding the numbers and dividing the sum by the total number of values in the set. So, in this case, the calculation is performed (500 + 750 + 1000 + 1000 + 1500) / 5 = 950. The minimum value of a set is the lowest value, which is $500. Answer D represents the total, or sum, of the group of numbers.

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