Method used to compute average or central value of collected datais considered asmeasures of negative skewnessmeasures of negative variationmeasures of central tendencymeasures of positive variation

Answered: Method used to compute average or…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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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

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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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