A Survey Was Conducted to Determine How People Feel About

question 43

Multiple Choice

A survey was conducted to determine how people feel about the quality of programming available on television. Respondents were asked to rate the overall quality from 0 (no quality at all) to 100
(extremely good quality) . The stem-and-leaf display of the data is shown below. $$\begin{array} { r | l l l l l l l l } \text { Stem } & \text { Leaf } & & & & & \\\hline 3 & 2 & 3 & & & & & & \\4 & 0 & 3 & 4 & 7 & 8 & 9 & 9 & 9 \\5 & 0 & 1 & 1 & 2 & 3 & 4 & 5 & \\6 & 1 & 2 & 5 & 6 & 6 & & & \\7 & 4 & 9 & & & & & \\8 & & & & & & & \\9 & 9 & & & & & &\end{array}$$ What percentage of the respondents rated overall television quality as very good (regarded as
Ratings of 80 and above) ?

• A)1%
• B)36%
• C)4%
• D)9%

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Definitions:

Raw Materials Inventory

Items acquired for the purpose of processing into finished goods.

Finished Goods

Products that have completed the manufacturing process but have not yet been sold to customers.

LIFO Inventory Method

An inventory valuation method that assumes the last items placed in inventory are the first sold during an accounting period; stands for Last-In, First-Out.

Inventory Costing Methods

Techniques used to assign costs to inventory items, such as First-In, First-Out (FIFO), Last-In, First-Out (LIFO), and weighted average cost.