In Reviewing the Graph Below, Which of the Following Inferences

question 1

Multiple Choice

In reviewing the graph below, which of the following inferences can be drawn about the monthly salary?

• A)The average monthly salary is $3,000.
• B)The monthly salary is always less than $3,000.
• C)The monthly salary is always greater than $3,000.
• D)The range of the monthly salary distribution is $3,000 to $5,000.

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Definitions:

Sales Revenue

The income received by a company from its sales of goods or the provision of services, before any expense deduction.

Merchandise Return

The process of a customer returning previously purchased merchandise back to the seller, often for a refund or store credit.

Customer Refunds Payable

Liabilities on a company's balance sheet representing money owed to customers for returned goods or services that did not meet expectations.

Estimated Returns Inventory

An estimate of the goods or materials that are expected to be returned by customers over a certain period.