If a Data Set Is Skewed Then

question 11

Multiple Choice

If a data set is skewed then

• A)the mean is the most appropriate measure of central tendency.
• B)the mean is the most appropriate measure of dispersion.
• C)the median is the most appropriate measure of central tendency.
• D)the median is the most appropriate measure of dispersion.

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Definitions:

Oligopoly

A market structure dominated by a small number of large firms, leading to limited competition and potentially higher prices and profits.

Decision Making

The cognitive process leading to the selection of a course of action among multiple alternatives, fundamental in business and personal contexts.

Interdependent

A relationship between entities or individuals where each is mutually reliant on the other, making their outcomes closely connected.

Oligopoly

A market structure dominated by a small number of large firms, leading to limited competition and potentially collaborative behavior.