The Mean Is

question 37

Multiple Choice

The mean is:

• A) the average of the responses computed by summing all responses and dividing by the number of responses
• B) the response that separates the top half of response frequencies from the bottom half
• C) the most frequently occurring response
• D) the arithmetic mean of the responses

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Definitions:

World Court

The International Court of Justice (ICJ), the principal judicial organ of the United Nations, responsible for settling legal disputes between states and giving advisory opinions on international legal issues.

United Nations

An international organization founded in 1945 dedicated to maintaining international peace and security, developing friendly relations among nations, and promoting social progress.

Letter of Credit

A financial document issued by a bank guaranteeing the payment of a buyer's obligations to a seller within a specific time frame and under certain conditions.

Buyer's Bank

Buyer's bank refers to the financial institution that represents the purchaser in a transaction, often involved in issuing or confirming payment instruments like letters of credit.