If There Are Extreme Scores in a Data Set, What

question 59

Multiple Choice

If there are extreme scores in a data set, what is the most appropriate measure of central tendency to indicate the most typical score?

• A) Mode
• B) Standard deviation
• C) Mean
• D) Median

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Definitions:

Appropriate Rate Of Return

The minimum return an investor expects to achieve by investing in a particular asset, accounting for its risk level.

Low-risk

Refers to investments or financial strategies that carry a minimal possibility of losing value.

Installment Loan

A loan that is repaid over time with a set number of scheduled payments; typically two payments or more.

Nominal Rate

The nominal rate is the interest rate stated on a loan or financial product, not accounting for inflation or other factors that affect purchasing power.