Find the Mean for the Given Sample Data

question 69

Multiple Choice

Find the mean for the given sample data. Unless otherwise specified, round your answer to one more decimal place than that used for the observations.
-The grocery expenses for six families were $64.88, $50.87, $49.35, $59.03, $69.80, and $65.38. Compute the mean grocery bill. Round your answer to the nearest cent.

• A)$59.89
• B)$89.83
• C)$59.86
• D)$71.86

Comprehend the role of news media as agenda setters.

Identify the criteria by which news is considered newsworthy.

Differentiate between source bias and pack journalism.

Elucidate the concept of virtual democracy.

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Definitions:

Absorption Costing

An accounting method that includes all manufacturing costs, both fixed and variable, in the cost of a product, required for external reporting in many jurisdictions.

Ending Inventory

The total value of all unsold goods still available in stock at the end of an accounting period.

Absorption Costing

A calculation method in accounting that compiles all production-related costs, namely direct materials, direct labor, and every overhead cost (both variable and fixed), into the product's pricing.

Variable Costing

An accounting method that includes only variable production costs (direct materials, direct labor, and variable manufacturing overhead) in the cost of goods sold and treats fixed manufacturing overhead as an expense of the period.