When Should Measures of Location and Dispersion Be Computed from Grouped

question 132

Multiple Choice

When should measures of location and dispersion be computed from grouped data rather than from individual data values?

• A)as much as possible since computations are easier
• B)only when individual data values are unavailable
• C)whenever computer packages for descriptive statistics are unavailable
• D)only when the data are from a population
• E)none of the above

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Definitions:

Par Value

A nominal value assigned to a share of stock in the charter of the corporation, often used to determine legal capital.

Shares

Units of ownership interest in a corporation or financial asset, giving the shareholder a proportion of the company's profits.

Treasury Stock

Stocks that the issuing corporation has distributed and then bought back, diminishing the number of shares available for trade on the public market.

Market Value

The present cost at which a product or service is available for purchase or sale in an open market.