Method used to compute average or central value of collected data is considered as measures of negative skewness measures of negative variation measures of central tendency measures of positive variation

Method used to compute average or central value of collected data is considered as measures of negative skewness measures of negative variation measures of central tendency measures of positive variation

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter4A: Problems In Applying The Linear Regression Model

Section: Chapter Questions

Problem 5E

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Question

Method used to compute average or central value of collected data
is considered as
measures of negative skewness
measures of negative variation
measures of central tendency
measures of positive variation

Expert Solution

Step 1

A measure of central tendency can be understood as a method that helps to determine the single value of the observation or distribution. This single value is the center or middle value of the distribution. Thus, we can say that measure of central tendency helps to compute the central value or average of collected data.

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