What Is the Main Challenge Facing Organizations That Use the "Simple

question 38

Multiple Choice

What is the main challenge facing organizations that use the "simple mean" to assess central tendency?

• A) It is not easily understood by users.
• B) It tends to be very accurate, particularly if the data points are skewed by a few outliers.
• C) It weighs all employers proportionally, based on the number of employees in each company.
• D) Its conclusions may be skewed by a few outlier data points and the numbers of employees in each organization performing a specific role.

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Definitions:

Loanable Funds

The funds in financial institutions that are available for borrowing.

Higher Interest Rate

An increased percentage charged on borrowed money or paid on savings and investments.

Public Saving

Public saving refers to the surplus of government revenues over government spending. It's a component of national savings along with private savings.

Private Saving

The portion of household and business income that is not spent on current consumption but instead is saved or invested for future use.