If a Distribution of Numerical Scores Contains One or Two

question 9

Multiple Choice

If a distribution of numerical scores contains one or two extremely high values, compared to the rest of the scores, which measure of central tendency would produce the most representative value?

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

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Definitions:

Yield Management Software

Software tools designed to optimize pricing and inventory allocation to maximize revenue, commonly used in industries like travel and hospitality.

Expected Demand

Expected demand refers to the estimated quantity of a product or service that consumers will purchase at a given price level and time period, based on historical data, trends, and forecasting techniques.

Demand Per Day

The average quantity of a product or service that consumers buy or are expected to buy in a single day.

Mathematical Approaches

Techniques or methods derived from mathematics used to solve problems and make decisions in various fields.