A measure of central tendency that is important in business and economics used in compound interest,population growth,and total sales growth over time is the:
A)arithmetic mean.
B)median.
C)mode.
D)geometric mean.

Question

Quizplus · Accepted Answer

The geometric mean is used to calculate the average rate of return on investment or growth rate over a period of time, which is relevant in business and economics. It is commonly used in compound interest, population growth, and total sales growth over time. Therefore, the correct choice is D, geometric mean.

A Measure of Central Tendency That Is Important in Business