Compare the Two Histograms Below

question 167

Multiple Choice

Compare the two histograms below.Which statement is true?

• A) The spread of histogram A is smaller than the spread of histogram B.
• B) The spread of histogram A is larger than the spread of histogram B.
• C) The spread of histogram A is the same as the spread of histogram B.
• D) You cannot compare the spreads of these two histograms without the original data.

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Definitions:

Collection Period

The average number of days it takes for a business to receive payments owed by its customers, indicating the efficiency of a company's credit and collection policies.

Sales

The total amount of revenue generated by a company from the sale of goods or services before any costs or expenses are deducted.

Accounts Receivable Balance

The entire sum owed by customers to a company for the consumption of goods or services for which payment has not been made.

Cost of Goods Sold

The immediate expenses linked to the creation of products that a company sells.