Consider the Following Data Set: 2,2,3,3,3,4,4,5,5,92

question 45

Multiple Choice

Consider the following data set: 2,2,3,3,3,4,4,5,5,92.If the last value (92) is removed from the data set,which statistical measure will change the most?

• A) only the mode
• B) only the mean
• C) the median
• D) the mode and the mean

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Definitions:

Owner's Equity

The residual interest in the assets of a company after deducting liabilities, representing the owners' share of the company’s assets.

Owner's Investments

Funds or assets contributed by the owner(s) to the business to increase its capital.

Expenses

Costs incurred by a business in the process of earning revenue, such as rent, salaries, and utility bills.

Withdrawals

Amounts of money taken out from a bank account, investment fund, or retirement plan, often referring to the owner's use of funds for personal use.