Compute Three Measures of Central Tendency and Two Measures of Variability

question 51

Essay

Compute three measures of central tendency and two measures of variability for the following data set: When asked their age,10 college students responded: 21,19,20,18,18,19,33,22,19,and 18.Given this distribution,which measures of central tendency and variability are most appropriate? Explain your decision,drawing a graph or creating a frequency distribution as necessary.

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Definitions:

Discount Rate

The interest rate by which future cash flows are devalued to their present worth in a DCF analysis.

Cash Flows

represent the net amount of cash and cash-equivalents being transferred into and out of a business.

Zero-Interest Financing

Zero-Interest Financing is a loan or credit offer with a 0% interest rate for a set period, making purchases more affordable upfront but often requiring a good credit score.

APR

Annual Percentage Rate, which represents the annualized cost of credit including interest and fees, making it easier to compare loan products.