When Should Measures of Location and Dispersion Be Computed from Grouped

question 42

Multiple Choice

When should measures of location and dispersion be computed from grouped data rather than from individual data values?

• A)as much as possible since computations are easier
• B)only when individual data values are unavailable
• C)whenever computer packages for descriptive statistics are unavailable
• D)only when the data are from a population

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Definitions:

Simple Interest

Simple interest is a method of calculating interest where the interest charge is based solely on the principal amount, not on previously earned interest.

Discounted

The process of determining the present value of a future amount by applying a discount rate.

Simple Interest

Simple interest is a way of calculating interest where the amount earned or paid is based on the original principal and does not compound.

Face Value

The nominal or dollar value printed on a security or financial instrument, such as a bond or stock certificate.