If the Distribution Is Asymmetric and the Variable Is Measured

question 3

Multiple Choice

If the distribution is asymmetric and the variable is measured on a nominal scale,the ________ should be used as a measure of location.

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

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Definitions:

Banking Relationship

Refers to the interactions and services between a bank and its customers, including loans, account management, and financial advice.

Babson College

An educational institution in Massachusetts, USA, renowned for its focus on entrepreneurship education.

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A financial transaction where a business sells its accounts receivable to a third party at a discount in exchange for immediate cash.

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Agreements where payments are made in a series of increments over time in exchange for goods or services.