MEDIAN Definition

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MEDIAN is the value of the midpoint variable when the data are arranged in ascending or descending order.

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INTERNATIONAL FUND is a (mutual) fund that can invest only outside the home country, e.g. the United States.

TOP-DOWN BUDGETING is where budgets are created by starting from the highest level working towards the bottom using parametric relationships. A monetary value is placed on an individual unit (product, service, materials, and labor hour). An estimate of the number of units required is then converted to currency by multiplying the quantity of units by the unit price.

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