(I the Mean Is the Measure of Central Tendency That

question 5

Multiple Choice

(i. The mean is the measure of central tendency that uses all of the observations in its calculation.
(ii. The mode is the class with the largest number of observations.
(iii) If a set of observations contains an extreme value and none of the observations repeat
Themselves, the mean is the most representative measure of central tendency.

• 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) (i), (ii) and (iii) are all false statements.

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Definitions:

Operational Effectiveness

Refers to an organization's ability to perform activities more effectively and efficiently than its competitors, leading to superior performance.

Supply Chain

The entire system of production, handling, and distribution of goods from raw materials to final products to the consumer.

Production Time

The period required to manufacture or produce goods, from the start of the process to its completion.

Differentiation

The process of distinguishing a product or service from others to make it more attractive to a particular target market.