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Which Measure of Central Tendency Can Be Used for Both

question 119

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Which measure of central tendency can be used for both numerical and categorical variables?


Definitions:

Survive

To continue to live or exist, especially in spite of danger or hardship.

Porter's Generic Strategies

A framework devised by Michael Porter that outlines three strategic options for businesses to gain competitive advantage: Cost Leadership, Differentiation, and Focus.

Market Scope

Describes the extent and range of products and services a business offers, as well as the geographic and demographic characteristics of the market it aims to serve.

Competitive Advantage

Competitive advantage is the attribute that allows an organization to outperform its rivals, gained through offering greater value to consumers or operating more efficiently.

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