The Measure of Location Which Is the Most Likely to Be

question 44

Multiple Choice

The measure of location which is the most likely to be influenced by extreme values in the data set is the

• A) range.
• B) median.
• C) mode.
• D) mean.

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Definitions:

Purchases Budget

A financial plan that estimates the cost and amount of goods or materials a company needs to buy over a specific period to meet its operational goals.

Sales Budget

A detailed projection of a company's sales for a future period, typically broken down by product line, region, or sales team.

Growth

An increase in the value or size of something, often used in economic contexts to refer to companies or economies.

Sales Forecast

An estimate of the amount of sales that a business expects to achieve in a future period.