Match the Following Measures of Central Tendency to Their Proper

question 4

Multiple Choice

Match the following measures of central tendency to their proper definition
-Mode

• A)Defined as the average score
• B)Defined as the middle value of the data
• C)Defined as the most frequently occurring score

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Definitions:

Index of Leading Indicators

A composite statistic of several economic indicators that predict future economic activity and health.

Forecasting Device

A tool or software used to predict future conditions or trends based on historical and current data analysis.

Phillips Curve

An economic concept that depicts an inverse relationship between the rate of inflation and the rate of unemployment over the short term.

Inflation

The measure at which prices for general goods and services escalate, devaluing the purchasing power.