Which of These Measures of Central Location Is Not Sensitive

question 121

Multiple Choice

Which of these measures of central location is not sensitive to extreme values?

• A)The mean
• B)The median
• C)The mode
• D)All of these choices are true.

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Definitions:

Fixed Cost

Costs that do not vary with the level of production or sales, remaining constant regardless of business activities.

High-Low Method

A technique used in cost accounting to estimate variable and fixed costs by analyzing the highest and lowest levels of activity and their associated costs.

Variable Cost

Variable costs are expenses that vary directly with the level of production or sales volume, such as raw materials and packaging.

Fixed Cost

Expenses that do not change in proportion to the level of goods or services produced by a business.