When You Have Ordinal Data Such as Class Rank), Which

question 30

Multiple Choice

When you have ordinal data such as class rank) , which is the best measure of central tendency to use?

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

---

Definitions:

Savings

The portion of disposable income not spent on current consumption but set aside for future use, often in a deposit account or as investments.

Investment

The action or process of allocating resources, usually money, with the expectation of generating an income or profit.

Aggregate Demand

The total demand for goods and services within an economy at a given overall price level and in a given time period.

Conclusions

The summary of findings or the final arguments presented after an analysis or discussion.