Carlos Reads an Article Looking for a Measure of Central

question 22

Multiple Choice

Carlos reads an article looking for a measure of central tendency.Which of the following might he find?

• A)the standard deviation
• B)the median
• C)inferential statistics
• D)the correlation coefficient

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Definitions:

Lump Sum Payment

A single payment made for the total amount owed, rather than breaking the payment into installments, often used in settling debts or purchasing goods.

Simple Interest

A method of calculating the interest charge on a loan or financial product based on the original principal amount and the interest rate over a period of time.

Principal Amount

This is the original sum of money borrowed in a loan or put into an investment, not including any interest or dividends.

Invested

Describes the act of allocating resources, usually money, into something to earn income or gain profits.