A Measure of Location That Is Calculated by Finding the Nth

question 9

Multiple Choice

A measure of location that is calculated by finding the nth root of the product of the n values is known as

• A) square root mean
• B) mean square root
• C) mean square error
• D) the Geometric mean

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Definitions:

Depreciated

The reduction in value of an asset over time due to wear and tear, age, or obsolescence, commonly used in accounting to allocate the cost of an asset over its useful life.

IFRS

International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) that is becoming the global standard for the preparation of public company financial statements.

Market Value

The ongoing value at which one can buy or sell a service or asset in the market.

Nonmonetary Assets

Assets that cannot be readily converted into cash, such as property, equipment, and patents.