Which measure of central location is appropriate whenever we wish to estimate the expected mean return, or growth rate, for a single year in the future?
A. The arithmetic mean
B. The geometric mean
C. The median
D. The mode
Answer:A
Which measure of central location is appropriate whenever we wish to estimate the expected mean return, or growth rate, for a single year in the future?
A. The arithmetic mean B. The geometric mean C. The median D. The mode