The Terms Central Location or Central Tendency Refer to the Way

question 38

True/False

The terms central location or central tendency refer to the way quantitative data tend to cluster around some middle or central value.

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Definitions:

Horizontal Axis

In a graph or chart, the horizontal axis is typically the x-axis, representing the independent variable or the basis for measuring changes or comparisons.

SBU

Strategic Business Unit; a semi-autonomous segment of a larger business or organization that operates as an independent entity.

BCG Business Portfolio

A matrix developed by the Boston Consulting Group that helps companies analyze their business units or product lines based on market growth rate and market share.

SBUs

Strategic Business Units, which are divisions or units within a company that focus on specific market segments or product lines, operating with their own planning and profit goals.