If a Scholar Is Discussing the Average for Congregational Size

question 17

Multiple Choice

If a scholar is discussing the average for congregational size in the United States and points out that only eleven percent of the religiously-affiliated people attend services in a house of worship with less than the average , you know that the scholar is

• A)taking a congregational approach to averages.
• B)taking an individual approach to averages
• C)is "statistically challenged"
• D)is using the modal size rather than the median size.
• E)is using the "hypercritical statistical reduction" approach to averages.

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Definitions:

Released

In a manufacturing or production context, this term refers to products or goods that have been completed and are ready to be shipped or sold.

Inventories

Assets held for sale in the ordinary course of business, in the process of production for such sale, or in the form of materials or supplies to be consumed in the production process or in the rendering of services.

Year 1

Refers to the first year in a given time series, fiscal period, or timeframe under consideration.

Absorption Costing

An accounting approach that includes all manufacturing costs (direct materials, direct labor, and both variable and fixed overhead) in the cost of a product.