A Researcher Has Collected the Following Sample Data

question 23

Multiple Choice

A researcher has collected the following sample data. The mean of the sample is 5. 13
15
12
13
12
The interquartile range is

• A) 2.
• B) 13.
• C) 3.
• D) 12.

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Definitions:

Accounts Receivable Turnover

A financial ratio that measures how many times a business can collect its average accounts receivable during a period, indicating how efficiently it manages credit extended to customers.

Average Sale Period

The average time it takes for a company to complete a sales cycle from the initial contact to the final sale.

Average Sale Period

A financial metric that calculates the average time it takes for a company to sell its inventory, indicating the efficiency of sales and inventory management.

Average Collection Period

The average number of days it takes for a business to receive payments owed by its customers, indicating the efficiency of the company’s credit and collection policies.