Which of the Following Statistics Is an Average

question 54

Multiple Choice

Which of the following statistics is an average?

• A)Half of my friends live within 20 miles and half live further away than that.
• B)There are 25 houses on our block and 78 trees, so that's 3.12 trees per yard.
• C)Sixty percent of Americans are political centrists.
• D)Eighteen percent of students are getting a C in this class.
• E)Of my wisest friends, only two support my decision to spend a year in Europe.

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Definitions:

Inventory Period

The average time it takes for a company to turn its inventory into sales, often used to evaluate the efficiency of inventory management.

Accounts Payable Period

The average number of days it takes for a business to pay off its creditors and suppliers.

Receivables Turnover

A financial metric indicating how quickly a company collects payments from its customers, calculated as sales divided by accounts receivable.

Cash Cycle

The period between the outlay of cash for purchases and the collection of cash from customers in a business.