Find the Variance for the Given Data

question 12

Multiple Choice

Find the variance for the given data. Round your answer to one more decimal place than the original data.
-2, 6, 15, 9, 11, 22, 1, 4, 8, 19

• A)2.1
• B)6.3
• C)6.8
• D)7.1

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Definitions:

Uncollectible Account

A receivable that is considered uncollectible from a debtor, usually displayed as an expense.

Allowance for Doubtful Accounts

A contra-account reducing accounts receivable to reflect the amount expected not to be collected due to customers' defaulting.

Gross Amount

The total amount before any deductions, such as taxes, expenses, or discounts, are subtracted.

Trade Receivables

Trade receivables are amounts due to a business for goods sold or services provided on credit terms to customers.