It Is Customary When Describing the Scores on an Ordinal

question 16

Multiple Choice

It is customary when describing the scores on an ordinal variable to report the values of which three statistics?

• A) mean, median, and mode
• B) median, minimum, and maximum
• C) median, standard deviation, and variance
• D) mode, minimum, and maximum

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Definitions:

Standard Deviation

A measure of the dispersion or variability of a set of data points around the mean, commonly used in finance to represent the volatility or risk associated with a particular investment.

Expected Return

A measure of the average likely profit or loss on an investment considering past performance or future forecasts.

Beta

A measure of a stock's volatility in relation to the overall market; a higher beta means higher risk but potentially higher returns.

Business-Specific Risk

The risk associated with the particular operations, industry, or market of a specific company, apart from the general market risks.