Which Measure of Central Location Can Be Used for Both

question 57

Multiple Choice

Which measure of central location can be used for both interval and nominal variables?

• A)The mean
• B)The median
• C)The mode
• D)All of these choices are true.

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Definitions:

Running Balance

A continuously updated balance that reflects all transactions, often seen in bank statements and accounting ledgers.

Journal

A chronological record of all financial transactions, providing the initial point of entry for all accounting data into the accounting system.

Metric Unit

A system of measurement based on meters, liters, and grams, used internationally for scientific and commercial purposes.

Decimal Point

A dot or small mark used to separate the integer part from the fractional part of a decimal number.