Explain How the Three Measures of Central Tendency Are Determined

question 61

Essay

Explain how the three measures of central tendency are determined, and provide an example of each using a simple distribution of scores.

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Definitions:

Shareholders

Individuals or entities that own shares in a corporation, thereby having ownership interest and potentially influence over the company.

Surplus Revenue

Excess income over expenditures generated by an organization, government, or company.

Government's Permission

Authorization from a governmental authority for an individual or entity to perform certain actions or operations.

Corporation

A legal entity that is separate and distinct from its owners, who are shareholders; it has rights and liabilities independent of them and can enter into contracts, sue, and be sued.