Suppose We Have a Distribution of the Number of "Friends

question 11

Multiple Choice

Suppose we have a distribution of the number of "friends" all users of a popular social media site have. What measure of spread would be best to describe this data?

• A)The spread should be described with the standard deviation because the distribution will be symmetric.
• B)The spread should be described with the IQR because the distribution will be symmetric.
• C)The spread should be described with the standard deviation because the distribution will be skewed to the right.
• D)The spread should be described with the IQR because the distribution will be skewed to the right.

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Definitions:

Indirect Method

A technique used in cash flow statement preparation that adjusts net income for the changes in balance sheet accounts to arrive at the cash flow from operating activities.

Cash Flow Statement

A financial report summarizing the total cash income from a company's operational activities and external funding, along with the expenditure on business operations and investments within a specific timeframe.

Operating Activities

Activities that relate to the core business operations of a company, including revenue and expense transactions.

Direct Method

A cash flow statement preparation approach that lists major classes of gross cash receipts and payments.