The Following Shows the Number of Job Losses and Gains

question 153

Essay

The following shows the number of job losses and gains (in thousands) between 2008 and 2009 for a sample of seven cities. $$\begin{array}{ l r } &\text { Job Change }\\\text { City } & \text { (in thousands) } \\\text { Memphis } & - 11 \\\text { Nashville } & - 7 \\\text { Atlanta } & - 6 \\\text { Chattanooga } & - 5 \\\text { Birmingham } & - 5 \\\text { Huntsville } & 0 \\\text { Knoxville } & 6\end{array}$$ ​
a.
Compute the mean.
b.
Determine the mode.
c.
Determine the median.
d.
Determine the standard deviation.

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Definitions:

Work-In-Process Inventory

Inventory that includes materials and products that are in the process of being manufactured but are not yet complete, often accounted for in cost accounting.

Finished Goods Inventory

Products that have completed the manufacturing process and are ready for sale.

Cost Of Goods Sold

The immediate expenses related to the manufacturing of products a company sells, which encompass both materials and labor.

Three Inventory Accounts

Refers to the three main types of inventory accounts on the balance sheet: raw materials, work-in-progress, and finished goods.