The fiVe-Number Summary of the Ages of a Group of 100

question 53

Multiple Choice

The five-number summary of the ages of a group of 100 adults is listed below. Consider the following two statements regarding outliers for this data and determine which, if any, are correct. (i) There is at least one adult whose age is a low outlier. (ii) There is at least one adult whose age is a high outlier.

• A)Only statement (i) is correct.
• B)Only statement (ii) is correct.
• C)Both statements (i) and (ii) are correct.
• D)Neither statement (i) or (ii) is correct.

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Definitions:

Predetermined Overhead Rate

A rate used to allocate manufacturing overhead to individual products or job orders based on a consistent activity measure, calculated prior to the period in which it is used.

Machine-Hours

A measure of production time, indicating how many hours machines are operated in the manufacturing process.

Manufacturing Overhead

All indirect costs associated with the production process, such as utilities, maintenance of factory equipment, and salaries of factory supervisors.

Job Cost

The total cost of materials, labor, and overhead allocated to a specific job or project.