Statistics Canada Recently Released a Statement That 50% of Canadian

question 8

Multiple Choice

Statistics Canada recently released a statement that 50% of Canadian households earn less than $70 366 per year, and 50% of households earn more. Which measure of central tendency is used in this example?

• A) Range
• B) Mean
• C) Mode
• D) Median

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Definitions:

Producing

The act of creating, manufacturing, or generating goods or services.

Chairs

Chairs are pieces of furniture designed to provide a place to sit, typically consisting of a seat, legs, back, and sometimes armrests, used in a variety of settings from homes to offices.

Couches

Upholstered pieces of furniture designed for seating multiple people, commonly used in living spaces for comfort and relaxation.

Rate Of Trade-off

The rate at which one good or service must be sacrificed to produce an additional unit of another good or service, often related to the concept of opportunity cost.