Which of the Following Is Used to Estimate the Average

question 51

Multiple Choice

Which of the following is used to estimate the average when the data have been collected using an interval or ratio scale?

• A) mode
• B) median
• C) mean
• D) maxima
• E) trend

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Definitions:

Credit Policy

Refers to a set of guidelines that a company uses to determine how much credit to extend to customers.

Credit Analysis

The process of evaluating an applicant's loan request or a corporation's debt issue in order to determine the likelihood of the borrower defaulting on their financial obligations.

Collection Policy

A collection policy outlines the procedures and guidelines a company follows to manage and recover overdue accounts receivable from customers.

Terms of Sale

Conditions agreed upon by a buyer and seller regarding the delivery, payment, and other aspects of a purchase.