Which Statements Regarding Measures of Central Tendency Are Accurate

question 33

Multiple Choice

Which statements regarding measures of central tendency are accurate?

• A) This classification of levels of measurement is scientifically inaccurate.
• B) Having the mean, mode, and median exactly the same indicates the measures have been correctly applied.
• C) They have great flexibility with regard to the amount of mathematical manipulation possible.
• D) They vary from sample to sample, even when the same trait or characteristic is measured.

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Definitions:

Specified Exercise Price

The predetermined price per share at which the holder of an option can buy (call option) or sell (put option) the underlying security.

Specified Expiration Date

The predetermined date on which an options or futures contract expires, determining the last day it can be exercised or traded.

Bond Equivalent Yield

is a calculation for converting the yield on a short-term, discount-based security into an annual yield that is comparable to those of bonds, to facilitate comparison among various securities.

Bank Discount Quote

A method of quoting the price of a short-term money market instrument, like a Treasury bill, as a discount from its face value, not taking into account compound interest.