Provide an Appropriate Response $\begin{array} { l l l l l } \$ 141,000 & \$ 149,000 & \$ 169,000 & \$ 139,000 & \$ 1,219,000\end{array}$

question 65

Multiple Choice

Provide an appropriate response.
-The cost of five homes in a certain area is given. $\begin{array} { l l l l l } \$ 141,000 & \$ 149,000 & \$ 169,000 & \$ 139,000 & \$ 1,219,000\end{array}$ Which measure of central tendency should be used?

• A)median
• B)mean
• C)mode
• D)midrange

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Definitions:

Nominal Damages

A symbolic small amount of money awarded in court to recognize that a legal wrong has occurred, without the plaintiff having suffered significant loss.

Plaintiff

The party who initiates a lawsuit or legal action, seeking relief or damages from the defendant.

General Damages

Restitution for losses naturally expected from a breach of contract.

Compensatory Damages

Financial compensation awarded to a plaintiff to cover the actual loss or injury they suffered.