The Following Is a Frequency Distribution for the Ages of a Sample

question 45

Short Answer

The following is a frequency distribution for the ages of a sample of employees at a local company.
a.Determine the average age for the sample.
b.Compute the variance.
c.Compute the standard deviation.
d.Compute the coefficient of variation.

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Definitions:

Merchandise Inventory

Goods or products that a retail or wholesale company holds for the purpose of selling them to customers.

Goods On Consignment

Merchandise that is sent to a retailer by the vendor to be sold but remains the property of the vendor until sold.

Damaged Goods

Items that are broken, defective, or impaired in some way, which typically reduce their value or usefulness.

Period-End Inventory

The total value of all inventory still available for sale by a company at the end of an accounting period.