Which Measure of Central Tendency Can Be Used for Both

question 45

Multiple Choice

Which measure of central tendency can be used for both numerical and categorical variables?

• A) geometric mean
• B) median
• C) arithmetic mean
• D) mode

Know how to compute the present value of an annuity and the present value of a single sum.

Evaluate different investment projects using net present value criteria.

Determine the internal rate of return for an investment.

Understand the role of compound interest rates in determining the present value.

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Definitions:

Evict a Tenant

The legal process by which a landlord removes a tenant from rental property, typically for violating lease terms or for non-payment of rent.

Unpaid Rent

This is the amount of money that a tenant owes to a landlord for the occupation of rental property and has not yet paid.

Illegal Eviction

The act of unlawfully forcing a tenant to leave their rental property without proper legal procedure or cause.

Self Help

Taking action to address a problem or situation by oneself without relying on external assistance.