Question

The following observations have been arranged in ascending order. If the median of the
is 63 . Find the value of x​

Answer 1

Answer:

Elasticity

Elasticity is a measure of a variable's sensitivity to a change in another variable, most commonly this sensitivity is the change in price relative to changes in other factors. ...

Demand elasticity is an economic measure of the sensitivity of demand relative to a change in another variable.

Answer 2

Total observations =10 (even)

Median =

2

10

=5th &

2

10

+1=6

th

observations

Median =

2

5

th

+6

th

observations

63=

2

x+x+2

⇒x+1=63

⇒x=62