The times (in minutes) that several underwriters took to review applications for similar insurance coverage are 50, 230, 52, and 57. What is the median length of time required to review an application?

The median is located at the 2.5th position, which is halfway between the values 52 and 57.

Step-by-step explanation:

The Median is referred to as the Middle term of a set of Data when ordered in Ascending/Descending order.

Consider the numbers 50, 230, 52, and 57

Arranging them in an Ascending Order

50, 52, 57, 230

The number of data in the set is even.

Dividing the data into two halves (50, 52 and 57, 230)

The median is halfway between the two halves.

The median is located at the 2.5th position, which is halfway between the values 52 and 57.