Which Measure of Central Tendency Is Used Most Often

question 40

Multiple Choice

Which measure of central tendency is used most often?

• A)Mode
• B)Variance
• C)Median
• D)Mean

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Definitions:

Legality

Conformity with the law or legal statutes, often used to refer to the status of actions, agreements, or policies.

Competition

The rivalry among sellers in the market aiming to achieve such goals as increasing profits, market share, and sales volume by varying the elements of the marketing mix.

Federal Trade Commission

A government agency aimed at preventing anticompetitive, deceptive, and unfair business practices through law enforcement, advocacy, and education.

Clayton Act

A U.S. antitrust law enacted in 1914 aimed at promoting fair competition and preventing corporate behaviors that lead to monopolies.