If Two Groups of Numbers Have the Same Mean, Then

question 73

Multiple Choice

If two groups of numbers have the same mean, then

• A) their standard deviations must also be equal.
• B) their medians must also be equal.
• C) their modes must also be equal.
• D) other measures of location need not be the same.

Identify what constitutes deductible rental expenses and the criteria for deductibility.

Distinguish between personal and rental use of property and understand the tax implications.

Explain the concept of passive activities and the circumstances under which a rental activity is classified as such.

Describe the rules for material participation and the classification of rental activity as a trade or business.