An Appropriate Measure of Central Tendency for Ordinal Data Is

question 15

True/False

An appropriate measure of central tendency for ordinal data is the mode.

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Definitions:

Fixed Assets

Long-term tangible assets held for business use and not expected to be converted to cash in the upcoming fiscal year, such as buildings, machinery, and equipment.

Full Capacity

The maximum level of output that a company can sustain over a long period without increasing its production resources or incurring excessive stress on its production processes.

Region of Residence

Refers to the specific geographic area where an individual currently lives or resides.

Income

The monetary payment received for labor, services, or investment, usually measured on a weekly, monthly, or yearly basis.