Use the Following Information to Answer Questions

question 32

Multiple Choice

Use the following information to answer Questions
United Charities' annual fund raising drive in 2010 raised pledges of $1,200,000 of which $800,000 were collected in 2010 and $200,000 were collected in 2011.United Charities estimates $150,000 of the remaining pledges will never be collected.
-The increase in temporarily restricted net assets in 2010 as a result of the fundraising drive is

• A)$1,200,000.
• B)$1,050,000.
• C)$800,000.
• D)$250,000.

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Definitions:

Median

The middle value in a data set, which divides the data into two halves with an equal number of observations above and below it.

Mean

The average value of a set of numbers, calculated by dividing the sum of all the values by the number of values.

Mode

The most common number found within a given collection of data.

Frequency Distributions

A summary of data showing the number of observations in each of several non-overlapping categories or bins.