The Mode Is the Appropriate Measure of Central Tendency When

question 22

Multiple Choice

The mode is the appropriate measure of central tendency when the scale of measurement is

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

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Definitions:

Net Interest

Net interest refers to the difference between the interest income generated by banks or financial institutions and the amount of interest paid out to their depositors.

Copper Futures

Contracts to buy or sell copper at a predetermined price on a specified future date.

Futures Price

The agreed-upon price for the future sale or purchase of an asset in a futures contract, determined in the futures market.

Counterparty Risk

The risk that the counterparty to a transaction will not be able to make required payments when due.