A Company Is Reviewing the Database of Customer Purchases Over

question 1

Multiple Choice

A company is reviewing the database of customer purchases over the past 3 years.Using descriptive statistics on this large data set, a business analyst found the following values. $$\begin{array} { | l | l | l | l | l | l | l | l | } \hline \text { Variable } & \text { Court } & \text { Mearl } & \text { MinirmurI } & \text { Ql } & \text { Mediar } & \text { Q3 } & \text { Maxirnuri } \\\hline \text { Purdhases } & 56,472 & 105.21 & 10.24 & 31.09 & 74.88 & 117.23 & 201.40 \\\hline\end{array}$$ From this we can conclude that,

• A)68% of these purchases are between $105.24 and $74.88
• B)The distribution of these purchases is negatively skewed
• C)50% of these purchases are between $105.21 and $117.23
• D)50% of these purchases are less than $105.24
• E)More of these purchases were below the mean than above the mean

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Definitions:

Accounting Break-even

The point at which total costs match total revenues, indicating that a business is neither making a profit nor a loss.

Net Present Value

The variance between the current worth of cash inflows and the current worth of cash outflows over a specific duration, employed to evaluate the profitability of an investment.

Discounted Payback Period

The length of time required for an investment’s discounted cash flows to equal its initial cost.

Accounting Basis

The method by which accounting transactions are recognized and recorded, such as cash basis or accrual basis accounting.