The Terms Central Location or Central Tendency Refer to the Way

question 38

True/False

The terms central location or central tendency refer to the way quantitative data tend to cluster around some middle or central value.

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Definitions:

Assets

Resources owned by a person or business that have economic value or expected future benefit.

Liabilities

Financial obligations or debts owed by a person or company to others.

Taxation Principle

The guidelines governing how taxes should be levied on individuals and businesses in a fair and efficient manner.

Tax Revenue

The income that is gained by governments through taxation from individuals and businesses.