Which Measure of Central Tendency Is Used to Calculate the Average

question 28

Multiple Choice

Which measure of central tendency is used to calculate the average of your school grades?

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

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Definitions:

Quantity Sold

The total number of units of a product sold during a specific period, often used to measure business performance.

Target Return

A financial goal set for the profit or outcome from an investment or business activity.

Average Invested Capital

The mean amount of money invested in a company or project over a certain period, used to compute return on investment.

Target Profit

The projected profit a firm aims to achieve within a specific period, guiding pricing and production decisions.