Which of the Following Statements About the Mean IS True

question 3

Multiple Choice

Which of the following statements about the mean IS true?

• A) If you have open-ended classes in a grouped frequency distribution is is necessary to determine a nominal limit to the class
• B) When reporting the value of the mean, is it usual to present the value with the same number of decimal places as the original data
• C) The sum of deviations from the mean is always the same as the number of data points (frequency)
• D) The mean is the least used of all the ways of presenting measures of location

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Definitions:

Cash Dividends

Profits paid out to shareholders from a company's earnings in the form of cash.

Investing Activities

Financial actions involving long-term assets, like buying or selling property, plant, and equipment, crucial for strategic growth planning.

Equipment Sale

The process of selling off business equipment, often used machinery or vehicles, either to raise funds or dispose of assets no longer needed.

Land Purchase

The acquisition of land as a fixed asset with the intent of using it for business operations or investment purposes.