The Information Below Shows the Summary Statistics of Data Adapted

question 78

Multiple Choice

The information below shows the summary statistics of data adapted from Statistics Canada,
Regarding gasoline prices from urban cities across Canada.
(i. This data is based on values from 17 cities.
(ii. The average gas price in 2013 across the country based on this sample was $1.2356
(iii) 50% of the cities reported average gas prices over $1.23 per litre

• A) (i), (ii) and (iii) are all correct statements
• B) (i) and (ii) are correct statements but not (iii).
• C) (i) and (iii) are correct statements but not (ii).
• D) (ii) and (iii) are correct statements, but not (i).
• E) (i), (ii) and (iii) are all false statements.

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Definitions:

Available-for-Sale Securities

Debt or equity securities not classified as held-to-maturity or trading securities, measured at fair value, with changes in value recorded in other comprehensive income.

Fair Value

An estimate of the price at which an asset would trade in a fair transaction between willing market participants, reflecting its intrinsic value.

Year-end Adjustment

Financial adjustments made at the end of the accounting year to reflect accurate and up-to-date information in financial statements.

Stock Investment

The act of purchasing equity shares in a company with the expectation of earning dividends or selling the shares at a higher price for profit.