I a Value That Is Typical or Representative of the Data

question 155

Multiple Choice

i. A value that is typical or representative of the data is referred to as a measure of central tendency.
ii. The arithmetic mean is the sum of the observations divided by the total number of observations iii. The value of the observation in the center after they have been arranged in numerical order is called the weighted mean

• A) (i), (ii) and (iii) are all correct statements
• B) (i) and, (ii) are correct statements but not (iii).
• C) (i) and, (iii) are correct statements but not (ii).
• D) (ii) and, (iii) are correct statements but not (i).
• E) All statements are false

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Definitions:

Gross Domestic Product (GDP)

The aggregate value, measured in terms of money or market worth, of every finished product and service generated within a country's borders over a certain time span.

Common Stock

A type of security that signifies ownership in a corporation and represents a claim on part of the corporation's profits.

Factory

A building or complex of buildings where goods are manufactured or assembled chiefly by machine.

Foreign Investment

The inflow of capital from external sources into a country to purchase assets, buy stocks, or fund projects, enhancing economic growth.