The Scores on the First Exam of the Students in a History

question 24

Multiple Choice

The scores on the first exam of the students in a history class were 52, 57, 63, 62, 62, 62, 84, 82, 98, 91, and 100. Kia got a score of 85 and claims that "85 is better than average." Which of the three measures of central tendency is she better than: the mean, the median, or the mode?

• A) better than the mean
• B) worse than the mean
• C) better than the mode
• D) worse than the median
• E) better than the median
• F) worse than the mode

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Definitions:

Required Return

The minimum expected rate of return on an investment deemed acceptable to an investor, taking into account the risk level of the investment.

Payback Period

The length of time it takes for an investment to generate an amount of cash flow equal to the initial amount invested.

NPV

Net Present Value, a financial metric used to evaluate the profitability of an investment or project, calculated by discounting the expected future cash flows to present day values and subtracting the initial investment cost.

Discounted Payback Period

The time required to recoup the cost of an investment while accounting for the time value of money, typically used in capital budgeting to assess profitability.