Which Measure of Central Location Is Found by Arranging the Data

question 63

Multiple Choice

Which measure of central location is found by arranging the data from smallest to largest and selecting the middle value?

• A)Arithmetic mean
• B)Median
• C)Mode
• D)Mean
• E)Standard deviation

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Definitions:

Statistically Significant Difference

A difference between two groups or variables that is unlikely to have occurred due to chance alone, as determined by statistical analysis.

Consumers

Individuals who purchase goods and services for personal use.

Sample Size

The number of observations or elements selected from a population to be included in a statistical sample.

Reduce β

In statistics, it generally refers to decreasing the coefficient (β) in a regression model to address overfitting or multicollinearity.