Question on: SS1 Economics - Types Of Central Tendency, Merits And Demerits And Simple Application:
Which of the following is a merit of the median?
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A
It is affected by outliers or extreme values in the dataset.
B
It can be used with both quantitative and qualitative data.
C
It may not represent the true centre of the data if there are only a few data points in the dataset.
D
It can be difficult to calculate for datasets with a large number of values.
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Correct Option: B
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