When Is It Inappropriate to Use Either the Median or Mean

question 40

Multiple Choice

When is it inappropriate to use either the median or mean as a measure of central tendency?

• A) when variables are measured at the nominal level
• B) when variables are expressed through graphs at the ordinal and nominal levels
• C) when researchers are examining multiple variables
• D) when the mode has been previously established

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Definitions:

Variable Costing

An accounting method that only considers variable costs in determining the cost of products.

Variable Costing

An accounting method that only includes variable production costs (materials, labor, and overhead) in product costs, excluding fixed costs.

Unit Product Cost

The total cost to produce one unit of product, including direct materials, direct labor, and a portion of all overhead costs.

Variable Costing

A system in accounting that considers solely the changing costs associated with production (direct materials, direct labor, and variable manufacturing overhead) in the calculation of product prices.