An Important Measure of Location for Categorical Data Is the _____

question 80

Multiple Choice

An important measure of location for categorical data is the _____.

• A) mean
• B) median
• C) mode
• D) margin

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Definitions:

Retained Earnings

Profits that a company has earned to date, less any dividends or other distributions paid to investors, which are reinvested into the business.

Revenues

The cumulative revenue produced from selling goods or services that are fundamental to a company's main activities.

Cash Dividend

Profits distributed by a company to its shareholders, usually as a form of payment.

Income Statement

A financial statement that shows a company's revenues, expenses, and profit over a specific period.