Which of the Following Is a Difference Between a Mean

question 55

Multiple Choice

Which of the following is a difference between a mean and a median?

• A) A mean divides the data half above it and half below it; a median does not.
• B) A median is not affected by outliers; a mean is affected by outliers.
• C) A mean is an observation that occurs most frequently; a median is the average of all observations.
• D) A median is not meaningful for ratio data; a mean is meaningful to ratio data.

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Definitions:

Bearer

A person in the possession of an instrument payable to bearer or indorsed in blank.

Negotiable

Capable of being transferred or modified in terms of agreement or ownership through endorsement or delivery.

On Demand

A service or product made available whenever requested by a customer, often implying immediate or quick delivery.

Acceleration Clause

A provision in a loan contract that allows the lender to demand immediate repayment of the entire loan amount if certain conditions are breached.