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AACE International CCP Exam - Topic 1 Question 40 Discussion

You are analyzing historic unit costs for 18'' Class 5 reinforced concrete pipe is a database. The unit costs include all costs-material, labor, equipment, and other, for the excavation, bedding, pipe and backfill. Refer to the following table:What is the median unit cost?
C) $40.00
A) $48.22
B) $48.35
D) $46.59

AACE International CCP Exam - Topic 1 Question 40 Discussion

Actual exam question for AACE International's CCP exam
Question #: 40
Topic #: 1
[All CCP Questions]

You are analyzing historic unit costs for 18'' Class 5 reinforced concrete pipe is a database. The unit costs include all costs-material, labor, equipment, and other, for the excavation, bedding, pipe and backfill. Refer to the following table:

What is the median unit cost?

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Suggested Answer: C

The median cost is found by ordering the unit costs and selecting the middle value. The ordered costs are:

$26.78, $34.50, $37.30, $40.00, $46.59, $55.00, $55.00, $65.00, $75.00

Since there are nine data points, the fifth value in this list is the median:

C . $40.00 is the median unit cost.


Contribute your Thoughts:

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Ivette
4 hours ago
I’m leaning towards option B, $48.35, but I’m not completely confident in my calculations.
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Delmy
2 months ago
I feel like I’ve seen a similar question before, and I think the median was around $48, but I can’t recall the exact steps we took.
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Jeannetta
2 months ago
I think the median is the middle value, but I’m a bit confused about how to handle an even number of data points.
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Aja
2 months ago
I remember we practiced finding the median in class, but I’m not sure if I should arrange the costs in order first.
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