Below Is a Histogram of Salaries (In $) for a Sample

question 14

Multiple Choice

Below is a histogram of salaries (in $) for a sample of U.S.marketing managers. The most appropriate measure of central tendency for these data is the

• A)median.
• B)mean.
• C)mode.
• D)range.
• E)standard deviation.

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Definitions:

Current Ratio

A liquidity ratio; current assets are divided by current liabilities to indicate a company’s ability to pay its short-term debt. This ratio does not provide as much certainty as the acid test ratio.

Current Assets

Assets that can be converted into cash or used within one year or the normal operating cycle of the business, whichever is longer.

Common-Size Statements

Financial statements that are expressed as a percentage of a certain figure, allowing for easier comparison across time periods and companies by standardizing the data.

Percentage Of Change

A mathematical calculation used to determine the percentage increase or decrease of a value over a period of time.