Here Are Summary Statistics of the Four Last Digits of Social

question 4

Multiple Choice

Here are summary statistics of the four last digits of social security number of 500 customers,corresponding to the following histogram.

Is the mean or median a "better" summary of the centre of the distribution?

• A)Neither,because these are not categorical data.
• B)Neither,because these are not quantitative data.
• C)Median,because the IQR is smaller than the standard deviation.
• D)Mean,because the distribution is quite symmetric.
• E)Median,because of the outliers.

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Definitions:

Financial Control

The management of a company's expenses, income, and assets in order to increase profitability and ensure stability and compliance with financial regulations.

Actual Revenues

Actual revenues refer to the real income that a company has received from its business activities, typically recorded after transactions are completed, as opposed to projected revenues.

Forecast Values

Predicted numerical values based on historical data and analysis of trends, used in planning and decision-making processes.

Financial Plan

A comprehensive overview of an individual's or organization's current financial situation and long-term monetary goals, including strategies for achieving them.