Compare and Contrast Methods of Summarizing and Describing Data
Use

question 35

Multiple Choice

Compare and contrast methods of summarizing and describing data
Use the spreadsheet below to answer the following question(s) .
Below is the table showing rate of shoes sold per day and the highest-priced shoe sold that day for a one-week period. The rate of shoes sold per day (X) and the price of the shoes (Y) . $$\begin{array}{l}\begin{array} { | l | l | } \hline\text { Shoes sold }\\ \text { in \% (X) } & \text { Price (Y) } \\\hline 15 & \$ 48 \\\hline 27 & \$ 55 \\\hline 10 & \$ 40 \\\hline 13 & \$ 88 \\\hline 25 & \$ 53 \\\hline 9 & \$ 47 \\\hline 18 & \$ 40 \\\hline & \\\hline\end{array}\end{array}$$
-Use Excel to calculate the coefficient of variation of X.

• A) 0.42
• B) 0.31
• C) 7.04
• D) 16.47

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Definitions:

Income Statement

A financial report that shows a company's revenues, expenses, and profit over a specific period of time.

Expense

Costs incurred by a business in the process of earning revenue, often categorized into operating and non-operating expenses.

Statement of Cash Flows

A financial statement that shows how changes in balance sheet accounts and income affect cash and cash equivalents, breaking the analysis down to operating, investing, and financing activities.