Global efforts to reduce tariff rates for manufactured goods have been an important part of the General Agreement on Tariffs and Trade (GATT).
Tariff rates for manufactured goods have been declining significantly since the establishment of GATT in 1947, and this trend has continued in recent years.
For example, the World Trade Organization has reported that the tariff rate for manufactured goods in the US has decreased from approximately 10% in the late 1940s to less than 1% in 2020. Similarly, tariff rates for manufactured goods in the EU have fallen from around 15% in the late 1940s to less than 4% in 2020.
These tariff reductions have helped to promote global economic growth and development, as they have reduced the cost of imported goods, making them more accessible to consumers.
In addition, these tariff reductions have increased competition among countries, making it easier for countries to access the global market, and allowing for the efficient transfer of goods and services around the world.
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The economy has been sluggish in recent months with slow economic growth. Explain the policies that the federal reserve could use to improve the economy. (1 point).
To improve the economy issuing fresh repurchase agreements, the Federal Reserve also buys securities and treasuries. More lending and risk are brought about by the expansion of the money supply and the decline in interest rates.
What is major role of Federal Reserve?The Federal Reserve, the central bank of the United States, plays two key tasks. it should find job so that unemployment is as minimal as possible. it keep prices constant across the economy. Now, during a recession, which is marked by poor economic growth, the unemployment rate rises, prices may decline, and deflation may occur. To stop the slowing of economic growth, the Federal Reserve could take the actions.
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___ is the discipline that examines the performance and behavior of an economy as a whole.
Macroeconomics is the discipline that examines the performance and behavior of an economy as a whole. Three topics are the primary focus of macroeconomics.
As examines economy as a whole, macroeconomics are discussed about three things:
1. National output
The total cost of the goods and services produced in a nation during a fiscal year is called "national output." Contributions received by all resources are included, including those made in the form of: wages, interest, rent, and profits.
2. Unemployment
There are some kinds of unemployment:
a. Structural unemployment: unemployment that occurs when there aren't enough jobs available in some labor markets to accommodate everyone who wants work.
b. Frictional unemployment: here is an unemployment because it takes time for workers to look for jobs that match their preferences and skills.
3. Inflation
Inflation is an increase in an economy's overall level of prices for goods and services.
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consider a service company that provides carpet cleaning. classify the cost of the hourly workers who clean carpets for customers.
The cost of the hourly workers who clean carpets for customers is variable.
The bulk of common cleaning methods are often grouped according to the cleaning task itself. For instance, a Floor Clean is focused on cleaning floor areas, but a Builders' Clean is focused on the general mess left behind by construction projects.
These activities, however, can also distinguish between various user types. The two most common ones are for domestic residential usage, such as end-of-tenancy cleaning, and the other more business, corporate. Of course, there are additional variations of these, such care and nursing homes, medical and hospitals, bars and the food sector.
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economic action done or brought about by free choice is called ?
Voluntary economic action is called "free choice."
Free choice means that individuals have the autonomy to make decisions about their economic actions. This could include decisions such as what goods and services to purchase, what job to take, or what investments to make.
Free choice allows individuals to make decisions that are in their best interest and best fit their individual needs. Free choice allows individuals to take control of their economic lives and gives them the power to make decisions about their economic well-being.
Free choice also allows for greater competition in the market which can lead to more efficient allocation of resources, lower prices, and higher quality of goods and services.
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The clean and green car dealership is running a special on 2008 hybrids. The dealership requires the customer to make a down payment of 10% of the cost of the vehicle and will finance the balance with a 6. 78% annual interest loan for 60 months (5 years). You are interested in an eviroclean hybrid that costs $28,250. Not including the down payment, how much will you pay over the lifetime of the loan?.
$37,826 would be paid as the lifetime of the loan in total.
What is Loan?Both parties involved in the sanctioning of a loan must be aware of the principal amount, the terms of repayment, and the interest rate. It is a necessary method through which a lender and a borrower can refer to the terms and conditions indicated earlier in order to eliminate any potential conflicts. So, the questions of both parties can be answered.
The conditions and contract of the loan taken by the borrower for a specific good or service are shown to both parties in a formal loan note.
The borrower's interest rate is examined by the lender first, then the mortgage, income tax information, etc.
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$37,826 would be paid as the lifetime of the loan in total.
What is Loan?Both parties involved in the sanctioning of a loan must be aware of the principal amount, the terms of repayment, and the interest rate. It is a necessary method through which a lender and a borrower can refer to the terms and conditions indicated earlier in order to eliminate any potential conflicts. So, the questions of both parties can be answered.
The conditions and contract of the loan taken by the borrower for a specific good or service are shown to both parties in a formal loan note.
The borrower's interest rate is examined by the lender first, then the mortgage, income tax information, etc.
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Working for profit is rewarded and encouraged in soviet russia.a. Trueb. False
The statement 'working for profit is rewarded and encouraged in Soviet Russia' is true as labor should benefit.
In Soviet Russia, working for profit is not only rewarded but actively encouraged.
This is because the Soviet government believed that productive labor should be rewarded and that individuals should be able to benefit from their own efforts.
This encouraged people to work hard, as they knew that their efforts would be rewarded.
This was a stark contrast to other communist countries, where profit was seen as something to be discouraged. By promoting incentive through profit, the Soviet Union was able to create a society of hardworking citizens.
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A zero-based budget is when your income minus your giving, saving, and spending equals...?
A zero-based budget is when your income minus your giving, saving, and spending equals zero.
Creating a zero-based budget can be a great way to take control of your finances and make sure you are living within your means.
This type of budget is where you assign every dollar of your income a purpose, whether it is to give, save, or spend.
By doing this, you ensure that your income minus your giving, saving, and spending equals zero. With a zero-based budget, you can make sure you are always aware of where your money is going and make sure you are living your financial life with intention.
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what popular fast food chain encouraged customers to think outside the bun?
The well-known fast food chain firm McDonald's urged customers to "Think Outside the Bun." The campaign encouraged customers to explore new menu items and to customize existing items to create unique combinations.
What do you mean by fast food chain?
A fast food chain is a type of restaurant that serves quick, convenient meals at relatively low prices. These restaurants typically offer limited menus with items such as burgers, fries, chicken, pizza, and other fried foods. Fast food chains are usually found in high-traffic locations such as near highways, shopping centers, and tourist attractions. These restaurants often utilize a “fast-food” model, where customers order at a counter, pay for their meal, and then collect their food when it is ready. Many fast food chains also offer drive-through services, allowing customers to order and receive their food without leaving their car. Fast food chains also often offer delivery services, allowing customers to have their meal delivered to their homes or workplaces.
So, The required answer is McDonald.
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It is the function of the _____ to take the strategic plan and develop actionable short-term goals that a business can achieve.
A. tactical plan
B. mission statement
C. vision statement
D. operating plan
The operating plan's role is to translate the strategic plan into manageable, immediate objectives that a company can accomplish.
What is the purpose of strategic planning?Long-term growth and profitability are the aims of strategic planning. Consequently, long-term resource commitments are needed for strategic decisions. Long-term resource commitment is guided by strategic planning, which offers a long-term vision.Developing a strategy. a prolonged procedure that aids in resource allocation and helps a business take advantage of market prospects. Strategic planning procedure. design the mission statement, goals, value proposition, and strategies for the firm. This also include doing a situation analysis.An organization's leaders develop their future vision and decide on their goals and objectives through the process of strategic planning. To enable the organization to attain its stated vision, the process also identifies the order in which those objectives should be accomplished.To Learn more About strategic plan refer TO:
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a new employee informs hr that he wants to withhold extra tax
If a new employee informs HR that he wants to withhold extra tax, the HR should request the employee to complete the Form W-4.
Additional amount withheld refers to the amount of money an employee requests the employer to withheld from the paycheck to pay the Internal Revenue Service (IRS) for federal income taxes which is in addition to or extra to the normal amount. If an employee works for or is about to start working for a company, an employee should fill out Form W-4 for the taxes. It helps the employee directly share withholding information with your employer. It allows the employee to communicate how much additional income they want them to withhold from each paycheck for the federal income taxes. The employer must record the allowances in the payroll processing system so they can accurately withhold the correct amount of federal income tax in the payrolls.
Note: The question is incomplete. The complete question probably is: A new employee informs HR that he wants to withhold extra tax, what should the HR do.
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How do I add 6% sales tax to a total?.
Calculating sales tax on a pro-duct or service is straight-forward: Simply multi-ply the cost of the prod-uct or service by the tax rate.
For exam-ple, if you ope-rate your busi-ness in a state with a 6% sales tax and you sell cha-irs for $100 each, you would multi-ply $100 by 6%, which eq-uals $6, the total am-ount of sales tax. Add the sa-les tax to the sale price to bri-ng the total cost of one cha-ir to $106.
While it is possible to calcu-late sales tax man-ually or by using a calcu-lator, most point-of-sale (POS) soft-ware pack-ages can make these calcu-lations for you at the reg-ister or via a mobile app.
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a tax form asks people to identify their age, annual income, number of dependents, and social security number. for each of these four variables, identify the scale of measurement that probably is used and identify whether the variable is continuous or discrete.
The scale of measurement for the tax form will be Ratio/Continuous, Ratio/Discrete, Ratio/Discrete, Nominal/Discrete.
What is a scale of measurement?Variables are categorised and specified using scales of measurement. The four common scales of measurement—nominal, ordinal, interval, and ratio—were created by psychologist Stanley Stevens. Each scale of measurement has characteristics that dictate how the data should be analysed. Nominal, ordinal, interval, and ratio scales are the four types of scales that can be used to categorise data. Every level of measurement has certain significant characteristics that are vital to understand. For instance, the ratio scale is the only one with meaningful zeros. Nominal variable groups are shown in a pie chart (i.e. categories). Order is indicated by "ordinal." Quantitative information with naturally occurring orders is called ordinal data, and the distinction between them is not known.
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The working capital of a business is given by
O a. Capital employed
O b. non-current assets
O c. net assets
O d. net current asset
Answer:
d. Net current assets
(I guess)
Explanation:
In short, working capital is the money available to meet your current, short-term obligations. To make sure your working capital works for you, you'll need to calculate your current levels, project your future needs and consider ways to make sure you always have enough cash.
Lan Steven i a human reource analyt working for the city of Seattle. He i performing a compenation analyi of city emp The accompanying data et contain three variable: Department, Job Title, and Hourly Rate (in $)A few hourly rate are mi the data
Lan Steven's job as a human resources analyst in Seattle entails her examining pay information for city workers.
Department, Job Title, and Hourly Rate (in $) are the three variables in the data set he is working with.
He might come across some lacking information for the Hourly Rate variable. He can handle this by using several imputation approaches to fill in the missing data, such as mean imputation, median imputation, or regression imputation.
It's crucial to keep in mind that imputation might create bias, so it is always advisable to speak with the data owner to determine the cause of missing data before imputing it.
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What was the remarkable incident that happened to Dr Lanyon?.
St. John's, Newfoundland from which the English province did Marconi get the principal transoceanic remote sign in Canada in 1901. Marconi's most noteworthy accomplishment came on December 12, 1901, when he got a message sent from Britain.
Marconi's originally presumed gathering of a transoceanic radio transmission happened at Signal Slope in St. John's, Newfoundland, in 1901. The next year, he constructed a remote transmission station in Glace Straight, Nova Scotia.
On 12 December 1901, Guglielmo Marconi raised a 150-meter-long radio wire (which was joined to a kite) over Signal Slope in St. John's, Newfoundland. This receiving wire got the very first transoceanic transmissions sent through radio waves.
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explain how businesses benefit from giving back to the community.
Giving back to the community can help businesses to improve their reputation and brand image, increase employee engagement and satisfaction, build stronger relationships with customers and create new business opportunities. There are several ways in which businesses can benefit from giving back to the community.
Corporate social responsibility (CSR) initiatives can help to improve a business's reputation and brand image. When a business is seen as a good corporate citizen, it can attract and retain customers, employees, and investors who value social responsibility. This can also help to differentiate a business from its competitors and create a positive image in the community.Giving back to the community can also help to create a sense of purpose and increase employee engagement and satisfaction. When employees see that their employer is making a positive impact on the community, they are more likely to feel proud to be associated with the company and to be more engaged in their work.Businesses can also benefit from giving back to the community by building stronger relationships with their customers. When customers see that a business is actively involved in the community, they are more likely to feel a stronger connection to the company and to be more loyal to the brand.Giving back to the community can also help to create new business opportunities. By getting involved in community projects, businesses can learn more about the needs of the community and identify new business opportunities that align with those needs.To learn more about CSR:
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from an economic standpoint, ______ includes all natural resources used in the production process.
Land encompasses all natural resources needed in the industrial process from an economic perspective.
All natural resources employed in production are referred to as "land" in economics. Land, labour, and capital are the three production components in conventional economics. The fee paid for a piece of land is known as rent. Like land, its definition has changed through time to include payment for any sustainable basis with a largely consistent supply. When used in a business setting, the term "land" can refer to real estate or other property that is isolated from buildings and other structures by clear spatial boundaries. Anyone who owns land may have access to any natural resources that are found within its boundaries.
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standing to sue requires that a controversy must be?
A conflict must be both genuine and substantial in order for one to have legal standing to file a lawsuit. The traditional judicial hierarchy is comprised of trial courts, lower level appellate courts, and higher level courts.
What is a substantial example?
large in quantity, size, or amount. Each day, a sizable number of people commute to work. This will help us save a significant amount of money and time. Such activities carry a high risk of injury. She received a significant discount on her tickets. An crucial or fundamental right that warrants legal protection or enforcement.
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Jaon Melvin igned a imple dicount note with a face value of $7,200 at a dicount rate of 5% for 6 month. Find the proceed of the note and the effective interet rate
For a discount note with a face value of $7,200 at a discount rate of 5% for 6 months, the proceed of the note is $6,888and the effective interest rate is 5.56%.
The proceed of the note and the effective interest rate can be calculated by using the formula for simple discount notes. The formula is P = FV x (1 - r x t). In this case, P is the proceed of the note, FV is the face value of the note (7,200), r is the discount rate (5%), and t is the (6 months).
By plugging in the values, the proceed of the note is $6,888. The effective interest rate is calculated by using the formula: i = (FV - P) / (FV x t). In this case, is the effective interest rate, FV is the face value of the note (7,200), P is the proceed of the note (6,888), and t is the time period (6 months).
By plugging in the values, the effective interest rate is 5.56%. Therefore, the proceeding of the note is $6,888 and the effective interest rate is 5.56%.
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This operations and supply chain management career path works closely with manufacturing, marketing, and purchasing to create timely, cost-effective import/export supply chains?
This career path in operations and supply chain management works closely with purchasing, marketing, and manufacturing to produce quick, cost-effective import/export processes.
Give an example involving manufacturing.
What Examples Exist in Manufacturing? Manufacturing is the creation of new products from parts or raw materials. Because they all produce goods rather than providing services, bakeries, shoemakers, auto manufacturers, and tailors are a few instances of manufacturing.
a picture of a manufacturing process
Making items, whether mechanically or manually, with the intention of selling them to customers is known as manufacturing.
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Maggie is selling candles as a fundraiser. She spent $50 on supplies to make the candles. She plans to sell the candles for $10 each. The functions of her revenues can be modeled by the equation. What is a practical domain of the function?.
The domain is (5,+∞). When the value of x is more than 5, the C or the range would be greater than 0. Thus, the range is (0,+∞).
What is practical domain of the function?.Find all potential x-values, or values of the independent variable, to establish the situation's domain. Find all potential y-values, or values of the dependent variable, to establish the range of a circumstance. A study domain is a sizable demographic subgroup for which separate statistics are required. A region or significant population center could be included as part of a domain. Additionally, it could include a specific population subgroup, like a sizable national or ethnic community.In order for Andrea to make profit, the value of the C in the given function must not be 0 or less than zero. So, let's find the value of x when C is zero.
C = 0 = 10x - 50
x = 5
Hence, the number of candles sold represented by x must be more than 5 (< 5). Therefore, the domain is (5,+∞). When the value of x is more than 5, the C or the range would be greater than 0. Thus, the range is (0,+∞).
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Which type of unemployment is most likely to help the economy become more efficient?
The economy is most likely to become more efficient when there is frictional unemployment. When people switch between occupations in the labor market, it happens.
Workers must be mobile in order for the labor market to be flexible and for the economy to allocate labor effectively. However, finding a job may take some time and effort, and people may not find one right away.
Businesses also invest effort in looking for qualified applicants to fill open positions. People looking for work may endure a brief period of unemployment as a result of the fact that openings are not instantly matched with applicants.
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Ivan has inherited his mother's 1963 Chevrolet Corvette, which he
values at $45,000. He decides that he might be willing to sell it so he
posts it on Craigslist for $55,000. Samantha is interested and willing to pay up to $72,000.Would Ivan and Samantha want to voluntarily engage in trade? How much economic surplus is created for both of them as a result of this exchange? What is the total economic surplus?
Ivan acquired the 1963 Chevrolet Corvette, which he estimated to be worth $45,000, from his grandmother. Having decided that he might be willing to sell it, he decides to post it online.
The definition of the term "inherit"
obtaining property, money, or other items from a decedent: She will leave an equal inheritance to each of her children.
Hereditary traits are behavioral characteristics that are genetically transmitted. We frequently assume that genetics is what determines things like our height, eye color, and hair type and color. We almost ever give our genetic make-up a thought, though. That's only partly accurate. Parents pass on characteristics and traits to their children through their DNA, including blood type and eye color.
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market power and externalities are two possible causes of market failure. True/False
The statement 'market power and externalities are two possible causes of market failure' is true.
Market failure occurs when the market system fails to efficiently allocate resources in a way that produces the best possible outcome for society. Two of the most common causes of market failure are market power and externalities.
Market power occurs when one or more firms within a market are able to influence the market’s price and/or output through their actions.
Externalities are costs or benefits that are not taken into account by the price mechanism, such as pollution from manufacturing or the benefits of public education. Both market power and externalities can lead to an inefficient allocation of resources and thus market failure.
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What is the best reason to have a savings account?.
for the future since you don't know what will happen in the future
Mike' annual premium i $1284. If he pay quarterly, there i a $1 per payment urcharge (extra fee). What i the quarterly payment?
Mike has to pay $322 every quarter the annual premium of $1284 is being divided into quarterly payments, with an additional $1 per payment surcharge.
To find the quarterly payment, we need to divide the annual premium by 4 and add the $1 per payment surcharge.
First, we divide the annual premium of $1284 by 4 to find the base quarterly payment which is $321. Then, we add the $1 per payment surcharge to the base quarterly payment to find the total quarterly payment, which is $322. This means that Mike has to pay $322 every quarter, this is important for Mike to plan his finances accordingly.
It is good to pay attention to the extra fee or surcharge as it may affect the overall budget.
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Explain the nature and scope of the pricing function.
Explain the concept of price in hospitality and tourism industry.
Explain considerations in meal pricing.
Explain the relationship between the economy and hospitality and tourism.
Explain the concept of competition.
Answer:
ricing, Hospitality, Tourism, Competition
1)Explain the nature and scope of the pricing function. 2)Explain the concept of price in hospitality and tourism industry. 3)Explain considerations in meal pricing. 4)Explain the relationship between the economy and hospitality and tourism. 5)Explain the concept of competition.
The pricing function is the process of determining the price at which a product or service will be sold. The scope of this function includes considering factors such as production costs, competition, and target market in order to set a price that will be profitable for the company and attractive to customers.
In the hospitality and tourism industry, price refers to the cost of staying in a hotel, using a tour service, or eating at a restaurant. This cost can be influenced by factors such as location, amenities, and seasonality.
Considerations in meal pricing include the cost of ingredients, labor, and overhead costs, as well as market conditions and competition. Restaurants may also consider the perceived value of the meal, the target market, and the desired profit margin.
The economy plays a significant role in the hospitality and tourism industry. A strong economy can lead to increased travel and spending on leisure activities, while a weak economy can lead to a decrease in these areas. The industry may also be affected by changes in exchange rates, which can impact the cost of travel for international tourists.
Competition refers to the presence of other businesses offering similar products or services in the same market. In the hospitality and tourism industry, competition can come from other hotels, restaurants, and tour companies. Businesses must consider their competition when setting prices and developing their marketing strategies.
For practice mode questions, what will your instructor see?
a. which questions you attempted not your scores
b. neither which questions yo attempted not your scores
c. which question you atemmpted and your final score
For practice mode questions, your instructor will see a) which questions you attempted not your scores.
Practice mode offers students with a safe environment in which to grasp instructional content. It is not a testing environment; rather, it is about the learning process.
Students can work at their own pace because there is no time limit on the questions. Because it is up to the student to decide whether to quit or switch to test mode, practice mode never ends.
As a teacher, you cannot examine your students' scores in practice mode; all you can see is the amount of time they spent studying. They can access their notes while in practice mode and return to the course at any moment to help them resolve any questions they have.
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can you claim health insurance premiums on your taxes
The taxpayer (being individual/HUF) can declare deduction under section 80D in recognize of scientific insurance top rate paid with the aid of him in any mode different than cash. However, payment on account of preventive health check-up can be made in cash.
How a lot top rate do you pay for fitness insurance?First, your health cover ought to be at least 50% of your annual income. And second, the insurance plan cowl have to at least cover the price of a coronary artery ignore graft in a hospital of your choice. Most private finance experts suggest a minimal health cowl of Rs 5 lakh.
How to calculate insurance premium?The top class fee is calculated by using dividing the sum insured by the sum assured. This capacity that if you have a sum insured of Rs 10,000 and a sum assured of Rs 1,000 then your premium rate would be 10%.
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https://brainly.com/question/8972111#SPJ4CitiBank recorded the number of cutomer to ue a downtown ATM during the noon hour on 32 conecutive workday. 25 37 23 26 30 40 25 26 39 32 21 26 19 27 32 25 18 26 34 18 31 35 21 33 33 9 16 32 35 42 15 24
CitiBank recorded the number of cutomer to use a downtown ATM during the noon hour on 32 consecutive workday. The median is 27.
What do you mean by Median?
Median is a statistical measure of central tendency for a given set of values.It is also known as the 50th percentile or the second quartile. The median is used to calculate the average of a set of values, and is often preferred over the mean or average, as it is less affected by outliers. Median is usually used to represent the central tendency of a data set when the data contains outliers, or when the distribution of the data is not symmetric. It is also useful when dealing with skewed data, as it helps to identify the real central tendency of the data.
So, The required Median is 27.
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