Question: Question 10 QUESTION 9 A researcher measures preference for favorite type of pet (e.g dog, cat monkey, etc.) for a sample of n - 20

Question 10

QUESTION 9 A researcher measures preference for favorite type of pet (e.g dog, cat monkey, etc.) for a sample of n - 20 people. What would be the best measure of central tendency for this type of data?" Mode O median mean O standard deviation

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2. Find out if there are other reference points that can be used as reasonable alternatives.

1. Identify your reference point when making a decision based on an element of risk.

3. If there are reasonable alternatives, think about your decisions based on the different reference points and see if there are any contradictions in the decisions.