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Management · Q120

Financial Management

Graduate and Post Graduate · Management · question 120

Q120

When most people refer to the mean, they are referring to the______________.

A.
median
B.
arithmetic mean
Answer
C.
geometric mean
D.
cumulative mean

Answer: Option B

Solution

Answer: Option B
Solution:
When most people refer to the mean, they are referring to the arithmetic mean. The arithmetic mean is the simplest and most widely used measure of a mean, or average.