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Net Income Was $24,000 in Year 1 and $40,000 in Year

question 56

Multiple Choice

Net income was $24,000 in Year 1 and $40,000 in Year 2. The percentage increase or decrease in net income was:


Definitions:

Relative Frequency

A measure of the proportion of times an outcome occurs compared to the total number of trials or observations.

Babies

Very young offspring of humans, characterized by limited cognitive and physical abilities, requiring extensive care and nurturing.

Collection

The act of gathering items or data together, or an assemblage of objects or information.

Ratio

A quantitative relationship between two numbers, showing how many times one value contains or is contained within the other.

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