A Physical Count of Inventory Is Performed Annually in Both

question 36

True/False

A physical count of inventory is performed annually in both a perpetual inventory system and a periodic inventory system.

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Definitions:

Median

In an arranged sequence of values, the median is the number situated in the middle, thus separating the collection of numbers into two segments.

StdDev

Short for Standard Deviation, it measures the amount of variance or dispersion in a set of values.

Median

A value that divides a dataset into two equal halves, representing the middle value when the data set is ordered.

StdDev

A measurement that quantifies the amount of variation or dispersion in a set of data values, same as Standard Deviation.