When Using Non-Parametric Tests, Which Measure of Central Tendency Is

question 19

Multiple Choice

When using non-parametric tests, which measure of central tendency is preferred when summarizing a set of data?

• A) Median
• B) Mean
• C) Mode
• D) None of the above are appropriate.

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Definitions:

Import Goods

These are products brought into one country from another for sale.

Scarce Factors

Resources that are limited in availability and are constraint to economic production.

Capital

Refers to financial assets or physical resources that are used in producing goods or providing services.

Absolute Advantage

The ability of an individual, company, or country to produce a good or service at a lower cost per unit than others.