Students at Dover Community College have a mean credit card debt of $4,700 with a median of $2,900. Students at Ralton Community College have a mean credit card debt of $2,100 with a median of $1,900. Which of the following statements are true based on this information? There may be more than one correct answer. i.  No more than half of Ralton students have debt more than $1,900. ii.  The total debt of Ralton students is more than the total debt of Dover students. iii.  The largest debt of the Ralton students is less than the largest debt of the Dover students. iv.  About one-fourth of Ralton students have debt more than $2,100. v.  Less than half of Dover students have debt more than $4,700.

Definition Definition Middle value of a data set. The median divides a data set into two halves, and it also called the 50th percentile. The median is much less affected by outliers and skewed data than the mean. If the number of elements in a dataset is odd, then the middlemost element of the data arranged in ascending or descending order is the median. If the number of elements in the dataset is even, the average of the two central elements of the arranged data is the median of the set. For example, if a dataset has five items—12, 13, 21, 27, 31—the median is the third item in ascending order, or 21. If a dataset has six items—12, 13, 21, 27, 31, 33—the median is the average of the third (21) and fourth (27) items. It is calculated as follows: (21 + 27) / 2 = 24.