Which Measure of Central Location Is Used to Determine an Average

question 71

Multiple Choice

Which measure of central location is used to determine an average annual percent increase?

• A)Arithmetic mean
• B)Weighted mean
• C)Mode
• D)Geometric mean

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Definitions:

Economic Life

The estimated period over which an asset is expected to be productive or useful in generating revenue.

Patent Rights

Legal protections granted to inventors or assignees, giving them exclusive rights to use and commercialize their inventions for a certain period.

Double-Declining-Balance

A method of accelerated depreciation where an asset loses value at double the rate of its straight-line depreciation.

Units-Of-Activity

A method for allocating depreciation based on the actual usage, work, or units of production of the asset, rather than passage of time.