After Gross Profit Is Calculated Operating Expenses Are Deducted to Determine

question 177

Multiple Choice

After gross profit is calculated operating expenses are deducted to determine

• A) gross margin.
• B) net income.
• C) gross profit on sales.
• D) net margin.

---

Definitions:

Significance Level

The threshold at which the results of statistical analysis are considered to indicate a statistically significant difference from the null hypothesis.

Hypotheses Testing

A method of statistical inference used to decide whether there is enough evidence in a sample of data to support a particular belief or hypothesis about a population parameter.

r Values

Statistical measures representing correlation coefficients that indicate the strength and direction of a linear relationship between two variables.

Spearman Rank-Correlation

A nonparametric measure of rank correlation that assesses how well the relationship between two variables can be described by a monotonic function.