The Mean Should Be Chosen as the Measure of Central

question 112

Multiple Choice

The mean should be chosen as the measure of central tendency when the distribution is

• A) skewed in a generally positive direction.
• B) skewed in a generally negative direction.
• C) approximately j-shaped in nature.
• D) approximately symmetrical in nature.

---

Definitions:

Mixed Strategy

In game theory, a strategy where a player can choose between multiple options with certain probabilities.

Sequential

Pertaining to or following a logical order or sequence, where actions take place one after another.

Maximin Strategy

A strategy in decision-making used under uncertainty, aiming to maximize the minimum gain that can be achieved.

Stackelberg

An economic model of market structure in which one firm sets its output decision first, and other firms follow, establishing a leader-follower dynamic.