Which of the Following Statements About the Median Is Not

question 46

Multiple Choice

Which of the following statements about the median is not true?

• A)It is more affected by extreme values than the arithmetic mean.
• B)It is a measure of central tendency.
• C)It is equal to Q₂.
• D)It is equal to the mode in bell-shaped "normal" distributions.

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Definitions:

Machine-Hours

A measure of the amount of time a machine is operated, used in the calculation of manufacturing costs and allocation.

Manufacturing Cost

The total cost incurred by a company to produce a specific quantity of a product, including materials, labor, and overhead.

Departmental Predetermined Rates

Specific predetermined overhead rates calculated for different departments within a company, to more accurately allocate costs.

Machine-Hours

A measure of production volume in terms of the total hours machines are operated in the manufacturing process.