A Disadvantage of Using an Arithmetic Mean to Summarize a Set

question 34

Multiple Choice

A disadvantage of using an arithmetic mean to summarize a set of data is that __________.

• A) The arithmetic mean sometimes has two values
• B) It can be used for interval and ratio data
• C) It is always different from the median
• D) It can be biased by one or two extremely small or large values

Understand the application and limitations of internal control systems.

Recognize various types of transactions and their impact on bank reconciliation.

Know the importance and use of electronic transactions in business.

Understand the principles of internal control and how they protect the organization.

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Definitions:

Tokyo Stock Exchange

The primary stock exchange in Japan, one of the largest in the world by market capitalization, where stocks of publicly held companies are issued and traded.

Exchange Rate

The conversion rate of one currency to another.

Weakens

Becomes less strong or potent; in economic terms, can refer to a currency's decrease in value relative to others.

€

The symbol for the Euro, the official currency of the Eurozone in the European Union.