The Coefficient of Variation Indicates How Large the Standard Deviation

question 13

Multiple Choice

The coefficient of variation indicates how large the standard deviation is relative to the​

• A) ​mean.
• B) ​median.
• C) ​range.
• D) ​variance.

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Definitions:

Prior-Period Adjustment

Corrections of errors made in previously published financial statements, not considered ordinary adjustments.

Net Income

The net income a company earns following the subtraction of all expenses and taxes from its total revenue.

Accounting Methods

Accounting methods are the specific principles and procedures implemented by a business or organization to prepare its financial statements.

Rigid Accounting Rules

Accounting practices that are strictly defined with little to no room for interpretation or flexibility in their application.