Which of the Following Is the Most Complete Description of Permissible

question 33

Multiple Choice

Which of the following is the most complete description of permissible measures of central tendency for an interval scale?

• A) Arithmetic mean, median, mode
• B) Geometric mean, mode, median
• C) Median, mode
• D) Arithmetic mean, geometric mean
• E) Mode, arithmetic mean

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Definitions:

Ceteris Paribus

Ceteris paribus is a Latin phrase meaning "all other things being equal," used in economics to isolate the effect of one variable change in the study of a phenomenon.

Inductive Reasoning

A method of reasoning in which general conclusions are drawn from specific observations or instances, often used in scientific and philosophical contexts.

Single Factor

In economics, a variable or input that is considered in isolation to evaluate its impact on an outcome or process.

Normative Economics

A branch of economics that focuses on what ought to be or what should happen, often involving judgments and prescriptions for economic policy.