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To determine the median, you have to count all 49 values from 500 to 549, then your median can be found if it's an odd number, or if even, add the two middle numbers and divide by 2.

Q: What is in the middle of 500 and 549?

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It is 549.

Anything from 450 to 549

It is 549*{1 + 5.5/(4*100)}4*7 = 549*{1 + 0.01375}28 = 549*(1.01375)28It is 549*{1 + 5.5/(4*100)}4*7 = 549*{1 + 0.01375}28 = 549*(1.01375)28It is 549*{1 + 5.5/(4*100)}4*7 = 549*{1 + 0.01375}28 = 549*(1.01375)28It is 549*{1 + 5.5/(4*100)}4*7 = 549*{1 + 0.01375}28 = 549*(1.01375)28

Well lets think about it - and maybe you can answer it yourself. 540 the two nearest 100's are 500 and 600. So 540 - 500 is 40 and 600 - 540 is 60. So which is the smallest difference? Correct 500.

0.0091

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