For these situations, state which measure of central tendencymean, median, or modeshould be used. a. The most

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For these situations, state which measure of central tendency—mean, median, or mode—should be used.
a. The most typical case is desired. Mode
b. The distribution is open-ended. Median
c. There is an extreme value in the data set. Median
d. The data are categorical. Mode
e. Further statistical computations will be needed. Mean
f. The values are to be divided into two approximately equal groups, one group containing the larger values and one containing the smaller values. Median
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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