1. **State the problem:** We are given a set of numbers representing the number of new businesses: 0, 5, 10, 15, 20, 25, 30, 35, 40, 45, 50.
We need to find:
- (a) The median number of new businesses.
- (b) The largest number of new businesses.
- (c) The third quartile (Q\_3) of the numbers of new businesses.
2. **Recall definitions and formulas:**
- The **median** is the middle value when the data is ordered.
- The **largest number** is the maximum value in the data set.
- The **third quartile (Q\_3)** is the median of the upper half of the data (above the median).
3. **Order the data:** The data is already ordered:
$$0, 5, 10, 15, 20, 25, 30, 35, 40, 45, 50$$
4. **Find the median:**
- There are 11 data points (odd number).
- Median is the value at position $\frac{11+1}{2} = 6$.
- The 6th value is $25$.
5. **Find the largest number:**
- The largest number is the last value in the ordered list: $50$.
6. **Find the third quartile (Q\_3):**
- The median splits the data into two halves:
- Lower half (below median): $0, 5, 10, 15, 20$
- Upper half (above median): $30, 35, 40, 45, 50$
- Find the median of the upper half (5 values):
- Position $\frac{5+1}{2} = 3$ in the upper half.
- The 3rd value in upper half is $40$.
**Final answers:**
- (a) Median = $25$
- (b) Largest number = $50$
- (c) Third quartile (Q\_3) = $40$
Businesses Stats 8Eb7B8
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