Which of the Following Statements About the Mean Is NOT

question 10

Multiple Choice

Which of the following statements about the mean is NOT true?

• A) The mean is generally accepted as being representative of the data
• B) The mean is a mathematical average calculated from the data
• C) The mean always takes the same value as one of the original data points
• D) The mean may not be suitable for data sets that include extremely high or low values

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Definitions:

Face Value

The nominal value or dollar value printed on a financial instrument, such as a bond or a stock certificate.

Interest Paid

The total amount of interest paid by a borrower to a lender over a particular period for the use of borrowed money.

Bonds Interest Payable

This represents the amount of interest expense that a company owes to its bond investors but has not yet paid.

Annual Bond Interest

The total interest that will be earned on a bond over the course of a year.