Which Measure of Central Tendency Is Appropriate If the Shape

question 27

Multiple Choice

Which measure of central tendency is appropriate if the shape of the distribution is symmetrical and the measurement scale is interval or ratio?

• A)the mode
• B)the median
• C)the mean
• D)the deviation

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Definitions:

Price Discrimination

A pricing strategy where identical or substantially similar goods or services are sold at different prices by the same provider in different markets or to different customers.

Earn More Profit

Refers to the increase in net revenue a company achieves through strategies such as cost reduction, price adjustment, or market expansion.

Elastic Demand

A condition in which the percentage change in quantity demanded of a product is greater than the percentage change in its price, indicating high sensitivity to price changes.

Senior Citizens

Individuals who are considered elderly, typically qualifying for certain benefits at a particular age, often 65 or older.