What Are the Three Most Common Measures of Central Tendency

question 78

Multiple Choice

What are the three most common measures of central tendency?

• A) mean, median, and mode
• B) mean, variance, and standard deviation
• C) mean, median, and variance
• D) mean, median, and standard deviation
• E) first quartile, second quartile, and third quartile

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Definitions:

U.S.GAAP

The Generally Accepted Accounting Principles in the United States, a framework of accounting standards, principles, and procedures used to compile financial statements.

Forecasted Cash Flow

An estimate of the amount of cash a company will receive and spend over a future period, typically used for budgeting and planning purposes.

GAAP

Generally Accepted Accounting Principles are a standardized collection of accounting norms, standards, and methods that organizations are required to adhere to when preparing their financial reports.

Income Statements

A financial statement that shows a company's revenues and expenses over a specific period, resulting in net profit or loss.