A Sample of 2,500 People Was Asked How Many Cups

question 62

Multiple Choice

A sample of 2,500 people was asked how many cups of coffee they drink in the morning.You are given the following sample information. ​ The variance of the number of cups of coffee is

• A) 1.06.
• B) 1.03.
• C) 2.25.
• D) 1.24.

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Definitions:

Current Ratio

A liquidity ratio that measures a company’s ability to cover its short-term liabilities with its short-term assets.

Inventory Turnover

A ratio that measures how many times inventory is sold and replaced over a certain period, used to evaluate the efficiency of a company's inventory management.

Average Collection Period

The average number of days it takes for a company to receive payments owed by its customers.

Collection Policies

Guidelines established by a business to manage the collection of accounts receivable or debts owed to it.