The Three Commonly Used Measures of Central Tendency Are________

question 13

Multiple Choice

The three commonly used measures of central tendency are________.

• A) mode, median, and mean.
• B) percentage, midpoint, and mean.
• C) mode, midpoint, and ratio.
• D) median, rate, and mode.

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Definitions:

Operating Profit

The profit earned from a firm's normal business operations, excluding deductions of taxes and interest.

Markdown

A reduction in the selling price of goods or services, often used as a sales strategy to encourage consumer purchases or to clear older stock.

Mark-up

The difference between the cost of a product or service and its selling price, expressed as a percentage of the cost.

Spoilage

Products or materials that have become unfit for sale or use, often leading to financial loss for a business.