If the Standard Deviation for a Set of Data Is

question 15

Multiple Choice

If the standard deviation for a set of data is 0, which of the following must be true?_

• A) All the data values equal 0.
• B) All of the data values are identical.
• C) All of the data values are negative.
• D) None of the above must be true since standard deviation cannot be equal to 0.

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Definitions:

Statement of Comprehensive Income

A financial statement that shows all the items of income and expense recognized in a period including items beyond those in profit or loss.

Profit

The financial gain realized when the revenues generated from business activities exceed the expenses and costs associated with operating the business.

Unrealised Profit

Profits that have been earned but not yet realized through a transaction, such as an increase in the value of an investment that has not been sold.

Partial Goodwill Method

A method of accounting for a business combination where goodwill is only recorded in relation to the parent's share of ownership in the subsidiary.