Use the Following Data to Answer the Question

question 41

Essay

Use the following data to answer the question. Here are the scores on a recent statistics midterm exam (Scores have been listed from lowest to highest). A histogram showing the distribution is also included.

-Which measure of center, mean or median, would be most appropriate, and why? Using the data and the histogram, find the approximate value of the appropriate measure of center, and describe how you found it.

---

Definitions:

Contribution Margin Report

A financial report detailing the variable costs deducted from net sales to determine the contribution margin, used in managerial accounting to make decisions.

Net Income

The total earnings of a company after all expenses and taxes have been deducted from total revenue.

Manufacturing Margin

The difference between the sales revenue of manufactured goods and the direct costs associated with producing those goods.

Total Variable Costs

All costs that vary with the level of production or sales, including materials, labor, and overhead expenses.