Question 4
Tools of Economic AnalysisThe sum of items divided by the number of items is the
- A.frequency.
- B.mean.
- C.median.
- D.mode.
Show the answer and explanation
Answer: B (mean.)
Explanation
The arithmetic mean = sum of values ÷ number of values.
The sum of items divided by the number of items is the
Answer: B (mean.)
The arithmetic mean = sum of values ÷ number of values.