If Scores Are Measured with a Nominal Scale, Then the Only

question 30

Multiple Choice

If scores are measured with a nominal scale, then the only measure of central tendency that can be used is the.

• A)mode
• B)median
• C)mean
• D)percentile

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Definitions:

Outstanding Checks

Checks that have been written and recorded in the issuer's accounting system but have not yet been cashed or cleared by the bank.

Bank Reconciliation

The process of matching and comparing figures from the accounting records against those shown on a bank statement to ensure consistency.

Days' Sales Uncollected

Days' sales uncollected is a financial metric that estimates the average number of days it takes for a company to collect payments from its credit sales, reflecting on the efficiency of its credit and collection policies.