You Have Income Data for Your Entire Customer Database

question 9

Multiple Choice

You have income data for your entire customer database. Some of your clients are far wealthier than others. Which of the following do outliers least affect?

• A) The range
• B) The mean
• C) The median
• D) The standard deviation

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Definitions:

Consumer Contracts Law

The body of law that governs agreements between individuals and businesses selling goods and services to consumers.

Civil Code

A systematic collection of laws designed to deal comprehensively with the core areas of private law such as property, family, and contracts.

Undue Influence

An imbalanced psychological or moral pressure exerted by one person on another, undermining the latter's free will and leading to decisions that benefit the influencer.

Special Relationship

A legal doctrine indicating an obligation for one party to act with a higher degree of care toward another, often found in cases of dependence or trust.