The table below displays the industry sector, annual revenue (in millions of dollars), and number of employees for 10 tech startups. | Startup Name | Industry Sector | Annual Revenue ($M) | Employees | | :--- | :--- | :--- | :--- | | Apex Systems | Software | 14 | 45 | | Beacon Health | Healthcare |

The table below displays the industry sector, annual revenue (in millions of dollars), and… — GMAT

The table below displays the industry sector, annual revenue (in millions of dollars), and number of employees for 10 tech startups.

Startup Name	Industry Sector	Annual Revenue ($M)	Employees
Apex Systems	Software	14	45
Beacon Health	Healthcare	30	110
Crest Tech	Software	42	160
Dome Logistics	Logistics	20	80
Echo Labs	Software	35	140
Flux Interactive	Software	52	210
Grid Solutions	Energy	65	190
Horizon Soft	Software	24	95
Impulse Media	Software	18	65
Jade Bio	Healthcare	32	125

Based on the table, what is the median annual revenue, in millions of dollars, for the startups in the Software sector?

29.5

Filtering the dataset for startups in the Software sector yields 6 revenue figures:

14M,

18M,

24M,

35M,

42M, and

52M. Sorting these values in ascending order gives: 14, 18, 24, 35, 42, 52. Since

N = 6

is an even number, the median is the arithmetic mean of the 3rd and 4th values:

\frac{24 + 35}{2} = 29.5

Filter the table for startups in the Software sector.

Identified 6 Software startups with revenues of

14M,

42M,

35M,

52M,

24M, and

18M.

The question specifies restricting calculations to startups in the Software sector.

Sort the filtered revenues in ascending numerical order.

Sorted list: 14, 18, 24, 35, 42, 52.

Determining the median requires ordering data from smallest to largest.

Calculate the median for the even dataset (

N = 6

The two central numbers are the 3rd value (24) and the 4th value (35). The median is

\frac{24 + 35}{2} = 29.5

When

N

is even, the median is the average of the two middle elements.

Descriptive Statistics Interpretation

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