________ minimizes the distortion of the central tendency caused by outliers.

A. Mean
B. Weighted mean
C. Mode
D. Median


Answer: D

Business

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According to ________________, there’s no best way for managers to lead.

a. Hersey and Blanchard’s Situational Leadership Theory b. Fiedler’s Contingency Theory c. Blake and Mouton’s Managerial Grid d. none of the above

Business

The ________ buyers that are available in a market, the ________ an individual buyer is to a business

A) fewer; less important B) fewer; more important C) more; more important D) more wealthy; less important E) more diverse; more important

Business

The probability that a new advertising campaign will increase sales is assessed as being 0.80. The probability that the cost of developing the new ad campaign can be kept within the original budget allocation is 0.40. Assuming that the two events are independent, the probability that the cost is kept within budget or the campaign will increase sales is:

Business

_____ are business customers who consider numerous suppliers, solicit bids, and study all proposals carefully before selecting one

a. Laggards b. Innovators c. Optimizers d. Satisficers

Business