Which Measure of Central Tendency Is Obtained by Adding All

question 27

Multiple Choice

Which measure of central tendency is obtained by adding all the scores and dividing that total by the number of scores?

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

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Definitions:

Leakages

In economics, it refers to the withdrawal of potential spending from the economy's circular flow, primarily through savings, taxes, and imports.

Household Production

The creation of goods and services by individuals or families within a home environment, not for formal market exchange.

Gross Domestic Product (GDP)

The complete market or financial worth of every finished good and service made within a nation's frontiers in a certain timeframe.

Consumer Price Index (CPI)

A metric that calculates the mean variation over time in the costs incurred by urban buyers for a selection of consumer products and services.