The Median Is Less Subject to Sampling Variation Than the Mean

question 48

True/False

The median is less subject to sampling variation than the mean.

---

Definitions:

Organizational Environment

The set of external and internal factors that influence an organization's operating situation, including regulatory, economic, social, and technological factors.

Product and Service Mix

The combination of products and services a company offers to meet the needs of its customers.

Facilities Locations

The process of deciding the geographical placement of operations, factories, or offices of a business.

New Technologies

Recent innovations in technology that create new opportunities for improvement and development in various fields, including business, medicine, and engineering.