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Test scores
The scores on a calculus test for a random sample of 40 students are as follows:
-{Test Grades Narrative)Construct an ogive for this data set.Use the ogive to estimate the proportion of exam scores that are between 80 and 90.
Gross Profit Method
A technique used for estimating inventory and cost of goods sold, calculated by applying a gross profit percentage to sales.
Retail Inventory Method
An accounting method used by retailers to estimate inventory value by converting retail prices to cost prices.
Perpetual Inventory
A system of accounting for inventory that records the sale or purchase of inventory immediately through the use of computerized point-of-sale systems and enterprise asset management software.
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