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Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship. The first factor of production is land, but this includes any natural resource used to produce goods and services.
With an even number of values, as there is no single number which divides all of the numbers to two halves, the median is defined as the mean of the two central elements. ... With 14 observations, this would be the mean of the elements at positions 7 and 8, which is their sum divided by 2.
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