What Two Functions Compute the Central Tendency of Values

question 70

Multiple Choice

What two functions compute the central tendency of values?

• A)AVERAGE and MODE
• B)AVERAGE and MEDIAN
• C)MIN and MAX
• D)AVERAGE and CENTER

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Definitions:

Shortage

A situation where the demand for a product or service exceeds the available supply, often leading to higher prices.

Loanable Funds

The money available for borrowing, which comes from savings in the economy and influences interest rates through supply and demand dynamics.

Interest Rate

The cost of borrowing money, typically expressed as an annual percentage of the principal.

Interest Rate

The percentage at which interest is charged or paid on a loan or savings, typically expressed as an annual percentage rate.