When Describing the Central Tendency and Dispersion of a Data

question 9

Multiple Choice

When describing the central tendency and dispersion of a data set, which of the following are acceptable formats? (You may select more than one option.)

• A) Mean and standard deviation
• B) Median and interquartile range
• C) Mode and standard deviation
• D) Mean and interquartile range

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Definitions:

Cost Standards

Predetermined costs that serve as a benchmark for evaluating the actual performance and budgeting of a company.

Past Cost Data

Historical financial information on the costs associated with production, operations, or projects, used for planning and analysis.

Technology

The application of scientific knowledge for practical purposes, especially in industry.

Production Methods

Various techniques and processes used in the creation of goods and services, ranging from manual labor to advanced manufacturing technologies.