Which Measure of Center Is Meaningful When the Data Are

question 179

Multiple Choice

Which measure of center is meaningful when the data are qualitative?

• A) the mean
• B) the median
• C) the mode
• D) all of the these
• E) none of these

---

Definitions:

Net Income

The total earnings or profit of a company after subtracting all expenses, taxes, and costs, indicative of the company's financial health over a specific time period.

Income Statement

A financial statement showing a company's revenues, expenses, and profits over a specific period, indicating financial performance.

Financial Statement

Documents that present the financial activities and conditions of a business or entity, including the balance sheet, income statement, and cash flow statement.

Annual Report

A comprehensive report on a company's activities and financial performance throughout the preceding year.