You Are Asked to Review a Nominal Scale That Identifies

question 20

Multiple Choice

You are asked to review a nominal scale that identifies users versus non-users of an online journal for primary school pupils.What is the most appropriate measure of central tendency?

• A)Range
• B)Mean
• C)Mode
• D)Median

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Definitions:

Historical Cost Principle

An accounting principle that assets should be recorded and reported at their original purchase cost.

Real Estate

Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water.

Major Classes

Categories or groups into which business assets, liabilities, equity, income, and expenses are divided for organizational and reporting purposes.

20-Year Period

Denotes a time frame of twenty years, often used in the context of loans, investments, or planning horizons.