The Range Is Sensitive to Extreme Scores

question 80

Multiple Choice

The range is sensitive to extreme scores. In this way, it is similar to the ________, a measure of central tendency.

• A)mean
• B)standard deviation
• C)median
• D)mode

---

Definitions:

Terms of Sale

The conditions under which a seller is willing to sell a product or service, including price, payment method, and delivery time.

Prompt Payment Discount

A reduction in the amount due on a bill offered by a seller to encourage early payment by the buyer.

Operating Cycle

The total time it takes for a company to purchase inventory, sell the products, and collect the cash from the sales.

Cash Cycle

The period it takes for a company to convert its investments in inventory and other resources into cash flows from sales.