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#reading-8-statistical-concepts-and-market-returns
Question
Which is the only measure of central tendency that can be used with nominal data.
Answer
Mode

Tags
#reading-8-statistical-concepts-and-market-returns
Question
Which is the only measure of central tendency that can be used with nominal data.
Answer
?

Tags
#reading-8-statistical-concepts-and-market-returns
Question
Which is the only measure of central tendency that can be used with nominal data.
Answer
Mode
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Subject 4. Measures of Center Tendency
to be unimodal. A data set that has two modes is said to be bimodal. The advantage of the mode as a measure of central tendency is that its meaning is obvious. Like the median, the mode is not affected by extreme values. Further, <span>it is the only measure of central tendency that can be used with nominal data. The mode is greatly subject to sample fluctuations and, therefore, is not recommended for use as the only measure of central tendency. A further disadvantage of the mode is that many di

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