The Example Using the U

question 6

Multiple Choice

The example using the U.S.Census Bureau and income in the text of Chapter 4 was an illustration of

• A)a need to use caution when interpreting the mode
• B)a need to use a mean instead of a median
• C)a need to use a median instead of a mean
• D)there was no example using the Census Bureau and income in Chapter 4

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Definitions:

Reportable Segment

A distinguishable component of a business for which separate financial information is available and regularly reviewed by the entity’s decision makers.

Operating Profits

Income earned from a firm's core business operations, excluding deductions of interest and taxes.

IFRS 8

Refers to the International Financial Reporting Standard dealing with operating segments, requiring particular ways of financial reporting by segment to enhance transparency and comparability.

Reportable Segment Revenues

The revenues generated by each distinguishable segment of a company, as required to be disclosed in financial statements under certain accounting standards.