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Which of the Following Measures of Central Tendency Can Be

question 49

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Which of the following measures of central tendency can be used for a categorical variable?


Definitions:

Price Discrimination

A pricing strategy where a seller charges different prices for the same product or service to different buyers, based on their willingness to pay.

Financial Aid

Money that is made available to students to help pay for their education expenses; it can come in the form of scholarships, grants, loans, and work-study programs.

Price Discrimination

The strategy of selling the same product at different prices to different groups of consumers, based on their willingness to pay or other distinguishing factors.

Arbitrage

The practice of buying and selling the same assets in different markets to take advantage of differing prices for the same asset.

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