The ________ Is More Sensitive to Outliers Than the ________

question 2

Multiple Choice

The ________ is more sensitive to outliers than the ________ is.

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

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Definitions:

Sales Forecast

An estimation of the amount of goods or services that will be sold within a specified future period, used for planning and managing business operations.

Expense Forecasts

Projections or estimates of future costs and expenses that a business or organization is likely to incur over a specific period.

Market Description

An overview or summary that outlines the characteristics and dynamics of a specific market, including potential customers and competitors.

Diversification

A strategy of investing in a variety of assets to reduce risks associated with any single investment.