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Answer: 3,300
The median is calculated by first sorting the data in ascending order: | Week | Amount of the Profit($) | |------|--------------------------| | 5 | 2,600 | | 3 | 2,700 | | 2 | 2,800 | | 1 | 3,800 | | 6 | 4,300 | | 4 | 9,900 | Since there are 6 observations (even number), the median is the average of the two middle values: $$\text{Med}(x) = \frac{1}{2} \left[ x_{\frac{6}{2}} + x_{\frac{6}{2}+1} \right] = \frac{1}{2}[x_3 + x_4] = \frac{1}{2}[2800 + 3800] = 3,300$$ The third and fourth values in the sorted dataset are $2,800 and $3,800, so the median is $3,300.
Author: Tanishq Prabhu
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