Which of the Following Measures of Central Tendency Are the Easiest

question 22

Multiple Choice

Which of the following measures of central tendency are the easiest to calculate?

• A) mean
• B) mode
• C) standard deviation
• D) median

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Definitions:

Market-product Grid

The market-product grid is a framework used to identify and assess potential markets and products, facilitating strategic decision-making concerning where to focus efforts and resources.

Discretionary Income

The money that remains after paying for taxes and necessities.

Disposable Income

The money a consumer has left after paying taxes to use for necessities such as food, housing, clothing, and transportation.

Market Segmentation

The strategy of dividing a broad target market into subsets of consumers with common needs or characteristics, targeting each with a specific marketing mix.