Which Measures of Central Tendency Are Not Affected by Extremely

question 31

Multiple Choice

Which measures of central tendency are not affected by extremely low or extremely high values?

• A) Mean and median
• B) Mean and mode
• C) Mode and median
• D) Geometric mean and mean
• E) None of the choices are correct.

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Definitions:

Perfectly Inelastic Supply

A market condition where the quantity supplied remains constant regardless of changes in price.

Bargaining Power

The relative capacity of parties in a negotiation to exert influence over each other, affecting the terms of the agreement.

Union Workers

Employees who are members of a labor union, which negotiates collective bargaining agreements on their behalf.

Perfectly Inelastic Supply

A market condition where the quantity supplied does not change regardless of price fluctuations.