The Appropriate Measure of Central Tendency for an Ordinal Scale

question 35

Multiple Choice

The appropriate measure of central tendency for an ordinal scale is the _____.

• A) mode
• B) mean
• C) median
• D) range
• E) dispersion

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Definitions:

Operating Cycle

The duration of time it takes for a company to buy inventory, sell it to customers, and collect the cash from sales.

Merchandiser

An individual or company involved in the wholesale purchase and retail sale of goods for profit.

Sales Revenue

The money made from offering goods or services for sale over a specified duration.

Sales Discounts

Sales discounts are reductions in price offered by sellers to encourage buyers to make a purchase, often recorded as a deduction from gross sales.