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Earn +20 ptsQ: Profitability ratios are used to measure?
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Continue Learning about Statistics
Compare and contrast ratios and rates?
Ratios and rates are mathematical derivations. A ratio is an index comparing fractionally indexing multiple quantities vis-Ã -vis one other. A 1 to 1 (1:1) ration of milk to water would mean equal quantities of each. A rate is a measure of quantity over time. Rates can include speed and the volume of fluid movement.
What is the most commonly used measure of central tendency?
The mean.
Can population percentage be used to calculate chi-square goodness of fit test?
No, it cannot be used to measure that.
Which measure of variability is used most often in conjunction with the mean?
range
What is a common term used to mean a measure of central tendency?
The answer is outlier
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