One of the Most Important Statistical Facts Is That the __________

question 34

Multiple Choice

One of the most important statistical facts is that the __________ , if based on a reasonably Large number of cases, is normally distributed.

• A)sample mean
• B)simple mean
• C)simple truth
• D )sample truth

---

Definitions:

Profit Margin

A financial metric indicating the percentage of income left over from revenues after accounting for costs and expenses.

Activity Base

A measure used to allocate costs to activities, such as units produced, hours worked, or miles driven.

Service Departments

Units within an organization that support other departments but do not directly contribute to profit, such as human resources and maintenance.

Investment Turnover

A measure of a company's ability to use its assets to generate sales or revenue, indicating how efficiently the investments are being used.