What Sort of Statistic Does the Following Most Clearly Exemplify

question 2

Multiple Choice

What sort of statistic does the following most clearly exemplify? If you add up the total rainfall in the Amazon rain forest over the last 10 years and then divide by 10, you find that in a typical year, the rain forest gets about 108 inches of rain.

• A)total
• B)ratio
• C)distribution
• D)average
• E)median

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Definitions:

FICA-OASDI

Federal Insurance Contributions Act - Old Age, Survivors And Disability Insurance, a U.S. payroll tax funding Social Security and Medicare.

Maximum Earnings Limit

The upper threshold of income that can be taxed for specific purposes, such as Social Security, beyond which no additional taxes are levied on income.

FICA Taxes

Federal taxes in the United States that fund Social Security and Medicare, required to be withheld from employees' paychecks and also paid by employers.

Allowances

Amounts set aside for adjustments or reductions in the value of accounts or inventories, often for potential bad debts or depreciation.