On a Survey Questionnaire, Students Were Asked to Indicate Their

question 18

Multiple Choice

On a survey questionnaire, students were asked to indicate their class in college. If there were only four choices from which to choose, which measure(s) of central location would be appropriate to use for the data generated by that questionnaire item?

• A) Mean and median
• B) Mean and mode
• C) Mode and median
• D) Mode only

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Definitions:

Net Present Value Method

A financial analysis tool used to evaluate the profitability of an investment, taking into account the time value of money.

Discount Rate

This interest rate is used in the framework of discounted cash flow analysis to determine the present worth of cash flows anticipated in times ahead.

Simple Rate of Return

A financial metric that measures the efficiency of an investment as the annual income divided by the initial investment cost.