Which of the Following Descriptive Statistics Provide a Useful Overview

question 28

Multiple Choice

Which of the following descriptive statistics provide a useful overview of ordinal data?

• A)The mean and the median.
• B)The median and the mode.
• C)The mode and the mean.
• D)The mean,the median,and the mode.

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Definitions:

Interest Rate

The amount charged by a lender to a borrower for the use of assets, usually expressed as a percentage of the principal.

Bond's Principal

The face value of a bond, or the amount that the bond issuer agrees to repay the bondholder at the bond's maturity date.

Bank Interest

The amount paid to depositors for holding their money in a bank account, or the amount charged to borrowers for taking out a loan.

Annual Payments

Recurring payments made once a year, often related to loans, insurance premiums, or obligations.