Which of the Following Statements About the Median Is NOT

question 82

Multiple Choice

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

• A) It is more affected by extreme values than the arithmetic mean.
• B) It is a measure of central tendency.
• C) It is equal to Q₂.
• D) It is equal to the mode in bell-shaped "normal" distributions.

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Definitions:

MRC

Marginal Resource Cost, the additional cost incurred by acquiring one more unit of a resource.

Complementary Resources

Different types of goods or services that, when used together, enhance each other's value and performance.

Market Value

The ongoing rate at which a commodity or service can be traded in the public market.

Productivity

The measurement of efficiency in which goods and services are produced, often assessed by the amount of output per unit of input.