A Disadvantage of Using an Arithmetic Mean to Summarize a Set

question 34

Multiple Choice

A disadvantage of using an arithmetic mean to summarize a set of data is that __________.

• A) The arithmetic mean sometimes has two values
• B) It can be used for interval and ratio data
• C) It is always different from the median
• D) It can be biased by one or two extremely small or large values

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Definitions:

Leisure Class

A segment of society that derives its income from investments, inheritance, or other non-labor sources, allowing its members to focus on leisure activities and cultural pursuits rather than traditional labor.

Tax Rebate

A refund on taxes when the tax liability is less than the taxes paid.

Consumer Spending

The total amount of money spent by households in an economy on goods and services, excluding purchases of new housing.

Durable Goods

Products or goods that are intended to last and are characterized by their long usage or service life, such as appliances, cars, and furniture.