A Mean or Average Is a Measure of __________

question 5

Multiple Choice

A mean or average is a measure of __________.

• A) the central tendency of the data
• B) the most frequently occurring data point value
• C) the middle value within all of the data point values
• D) all of the above

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Definitions:

Interest Rate

The cost of borrowing money, typically expressed as a percentage of the amount borrowed, or the return on investment for savings.

Interest Rate

The portion of a loan subject to interest for the borrower, frequently shown as an annual percentage of the outstanding sum of the loan.

Antique Price

The market value of articles that have high value because of their considerable age and historical significance.

Interest Rate

The percentage of the borrowed sum charged to the borrower as interest, generally represented as an annual rate of the total loan amount.