Which of the Following Is Not a Measure of the Central

question 38

Multiple Choice

Which of the following is not a measure of the central tendency of a set of scores?

• A)mode
• B)median
• C)mean
• D)range

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Definitions:

Competitors

Entities or firms in the same industry or market that offer similar goods or services to consumers.

Herfindahl-Hirschman Index

A measure of market concentration used to determine the level of competition within an industry, calculated by summing the squares of the market shares of each firm within the sector.

Industry

Refers to the production of goods or services within an economy, categorized into sectors such as manufacturing, services, and agriculture.

Firms

Business organizations engaged in offering goods or services to consumers, often characterized by the ownership structure and size.