In a Set of Incomes in Which Most People Are

question 9

Multiple Choice

In a set of incomes in which most people are in the $30,000-$40,000 range, which measure of central tendency would be most disturbed by an income of $2,000?

• A) median
• B) mode
• C) frequency
• D) mean

---

Definitions:

Transaction Fee

A charge assessed for processing a financial transaction, commonly found in banking and brokerage services.

Gain Or Loss

The financial result of selling an asset or investment for more or less than its purchase price, respectively.

Rate Of Yield

From an investment in stock, the ratio of the dividend to the total cost of the stock.

Preferred Stock

A class of ownership in a corporation that has a higher claim on assets and earnings than common stock, usually with fixed dividends.