The Mean, as a Measure of Central Tendency, Would Be

question 85

Multiple Choice

The mean, as a measure of central tendency, would be inappropriate for which one of the following?

• A) Ages of adults at a senior citizen center
• B) Incomes of lawyers
• C) Number of pages in textbooks on statistics
• D) Marital status of college students at a particular university
• E) Number of family pets

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Definitions:

Prepayment

The payment of a bill, debt, or obligation before its due date, often securing a discount or avoiding penalties.

Deferred Revenue

Income received by a company for goods or services yet to be delivered or performed, recognized as a liability until the revenue earning criteria are met.

Landlord

An individual or entity that rents out real estate to tenants.

Deferred Revenue

Money received by a company for goods or services which have not yet been provided, recorded as a liability on the balance sheet until the services are rendered or goods are delivered.