Which of the Following Statements Are False Regarding the Numbers

question 56

Multiple Choice

Which of the following statements are false regarding the numbers generated by the RAND function in Excel^®?

• A) Approximately 10% of the numbers will be between 0.0 and 1.0.
• B) Approximately 20% of the numbers will be between 0.50 and 0.70.
• C) Approximately 40% of the numbers will be between 0.20 and 0.60.
• D) Approximately 60% of the numbers will be between 0.15 and 0.75.
• E) All of these statements are false.

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Definitions:

Break-even Point

The point at which total costs and total revenue are equal, meaning no profit is made but losses are recovered.

Sales Mix

The combination of different products or services that a company sells, often analyzed to understand its impact on overall sales and profitability.

Contribution Margin

The difference between the sales revenue of a company and its variable costs.

Break-even Sales

Break-even sales refer to the amount of revenue required to cover all fixed and variable costs, resulting in zero profit or loss.