Silly Putty Inc

question 48

Multiple Choice

Silly Putty Inc. has had sales of $10 million, $15 million, and $8 million for each of the last three years. What would be the MAPE if the actual sales were $15 million using the average approach?

• A) 11.00 percent
• B) 20.00 percent
• C) 26.67 percent
• D) 33.33 percent

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Definitions:

Average Size

A statistical measure that summarizes the central tendency of the size dimensions of a given set of objects or beings.

Experimental Setting

The controlled environment in which scientific or psychological experiments are performed, ensuring the validity of data collection.

DNA Sequencing

The process of determining the precise order of nucleotides within a DNA molecule, helping to identify genetic information.

Evolutionary Changes

Modifications and adaptations that occur in living organisms over generations, driven by natural selection, genetic drift, mutations, and gene flow.