(I the Weekly Sales from a Sample of Ten Computer

question 172

Multiple Choice

(i. The weekly sales from a sample of ten computer stores yielded a mean of $25,900; a median
$25,000 and a mode of $24,500. The shape of the distribution is positively skewed
(ii. For the mean (measure of central tendency) , the data must be ranked before it is possible to
Determine it.
(iii) If the sum of all the values of a distribution is divided by the number of values, the result is the
Arithmetic 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) (i), (ii) and (iii) are all false statements.

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Definitions:

Fraud

An intentional deception made for personal gain or to damage another individual.

Misrepresentation

A false statement of fact made by one party to another, which, while inducing that party to enter into a contract, leads to its breach.

Misleading Statement

False or deceptive information that can lead someone to an incorrect understanding or belief.

Expression of Opinion

The act of stating or sharing one's thoughts, beliefs, or judgements without the intention of stating a fact.