The Median Is an Appropriate Measure of Central Tendency for ________

question 18

Multiple Choice

The median is an appropriate measure of central tendency for ________ data.

• A) ordinal
• B) interval
• C) ratio
• D) nominal

---

Definitions:

Uncertainty

A situation characterized by the lack of predictability or definite knowledge about an outcome or result.

Profit

The financial gain realized when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes involved in sustaining the activity.

Balance Sheet Hedge

A financial strategy used to reduce the risk of currency fluctuations affecting the value of assets and liabilities reported in a company's balance sheet.

Exchange Rate Fluctuations

Variations in the value of one currency relative to another, affecting international trade and investments.