When Calculating the Standard Deviation,we Divide by N-1 Because the Sample

question 12

True/False

When calculating the standard deviation,we divide by n-1 because the sample is drawn from a population and we are trying to determine how much the responses vary from the mean of the entire population.

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Definitions:

Gross Profit

The financial gain obtained after subtracting the cost of goods sold from total sales revenue.

Ratio

A quantitative relationship between two numbers, often used in financial analysis to assess performance, financial health, and operational efficiency.

Income Statement

A financial report that shows a company's revenues and expenses over a specified period of time, resulting in net profit or loss.

Vertical Analysis

A technique in analyzing financial statements, where each item in the primary categories of assets, liabilities, and equity on a balance sheet is expressed as a ratio of the overall category total.