Answer :
Final answer:
The median of the set of numbers (50, 90, 20, 60, 7000) is 60, which is found by arranging the numbers in ascending order and selecting the middle one.
Explanation:
The student has asked about finding the median of a set of numbers: (50, 90, 20, 60, 7000). To find the median, you first need to arrange the numbers in ascending order, which gives us the sequence 20, 50, 60, 90, 7000. As there are five numbers, which is an odd number of elements, the median will be the middle number in the sequence. In this case, the median is the third number, which is 60.
The concept of the median is applicable in statistics and represents the middle value of a data set when the numbers are arranged in order. If the total number of observations is odd, the median is the middle number directly. However, if there are an even number of observations, the median is the average of the two middle values. In the examples provided for reference, a variety of cases are shown, like when dealing with even numbers of observations, you would average the two central numbers to find the median.In conclusion, for the given set of numbers (50, 90, 20, 60, 7000), the median is 60 as it is the middle number when the values are listed in ascending order.