For Which of the Following Distributions of Scores Would the Median

question 61

Multiple Choice

For which of the following distributions of scores would the median most clearly be a more appropriate measure of central tendency than the mean?

• A)10,22,8,9,6
• B)12,6,8,5,4
• C)12,15,12,9,12
• D)23,7,3,27,16

---

Definitions:

Risky Asset

An investment that holds a significant chance of losing some or all of its value, offering the potential for higher returns to compensate for higher risk.

Risk-Averse

A characteristic of investors who prefer lower risk investments, opting for certainty and stability in their investment choices.

Variance

A measure of the dispersion of a set of data points around their mean value, representing the average of the squared differences from the mean.

Reward-To-Volatility Ratio

A measure used in finance to assess the return of an investment relative to its risk, with higher ratios indicating better risk-adjusted returns.