Of the Following, Which Should Not Be Calculated When the Data

question 38

Multiple Choice

Of the following, which should not be calculated when the data are in ordinal form?

• A) median
• B) quartile
• C) decile
• D) mean

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Definitions:

Productive

Being productive pertains to the capacity or efficiency of producing a considerable amount or result, typically in the context of economic goods and services.

Benefit From Trade

The advantage gained by countries, firms, or individuals from engaging in exchange, usually resulting in access to a wider variety of goods or services at lower costs.

Opportunity Cost

The monetary loss of relinquishing the best subsequent option upon deciding.

Bowed-out Production Possibility Frontier

A production possibility frontier that is concave to the origin, indicating increasing opportunity costs as production of one good is increased.