When Should Measures of Location and Dispersion Be Computed from Grouped

question 42

Multiple Choice

When should measures of location and dispersion be computed from grouped data rather than from individual data values?

• A)as much as possible since computations are easier
• B)only when individual data values are unavailable
• C)whenever computer packages for descriptive statistics are unavailable
• D)only when the data are from a population

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Definitions:

Four Ps

A marketing mix model that encompasses product, price, place, and promotion strategies in a business.

Marketing

is the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large.

Marketing Channel Structure

The organized framework of intermediaries and components through which a product or service moves from producer to end consumer.

Vertical Channel Conflict

A type of channel conflict in which members of the same marketing channel, for example, manufacturers, wholesalers, and retailers, are in disagreement or discord.