A mean computed in such a way that each data value is given a weight reflecting its importance is referred to as a
A) geometric mean.
B) trimmed mean.
C) weighted mean.
D) balanced mean.

Question

​A mean computed in such a way that each data value is given a weight reflecting its importance is referred to as a
A) ​geometric mean.
B) ​trimmed mean.
C) ​weighted mean.
D) ​balanced mean.

Quizplus · Accepted Answer

A weighted mean is computed by giving each data value a weight reflecting its importance, whereas a geometric mean is used to calculate the average rate of change, a trimmed mean removes a certain percentage of extremes from the dataset, and a balanced mean is not a commonly used statistical measure.

​A Mean Computed in Such a Way That Each Data

A Mean Computed in Such a Way That Each Data