TABLE 3-4 The Ordered Array Below Represents the Number of Cargo Manifests

question 5

Short Answer

TABLE 3-4
The ordered array below represents the number of cargo manifests approved by customs inspectors of the Port of New York in a sample of 35 days:
16, 17, 18, 18, 19, 20, 20, 21, 21, 21, 22, 22, 22, 22, 23, 23, 23, 23, 24, 24, 24, 25, 25, 26, 26, 26, 27, 28, 28, 29, 29, 31, 31, 32, 32
Note: For this sample, the sum of the values is 838, and the sum of the squared differences between each value and the mean is 619.89.
-Referring to Table 3-4, the five-number summary for the data in the customs sample consists of ________, ________, ________, ________, ________.

Analyze the effect of varying levels of sales on profit using cost-volume-profit (CVP) analysis.

Use scatter diagrams as a tool for analyzing past cost behaviors and estimating future costs.

Understand and apply the high-low method for estimating fixed and variable costs.

Understand the principles and rules of revenue recognition under Generally Accepted Accounting Principles (GAAP).

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Definitions:

Axillary Artery

A major blood vessel that carries oxygenated blood to the lateral aspect of the thorax, the axilla (armpit), and the upper limb.

Brachial Artery

A major blood vessel of the upper arm that is the continuation of the axillary artery beyond the lower margin of teres major muscle.

Costocervical Artery

A branch of the subclavian artery that supplies blood to the upper back and neck areas.

Forelimb

The front limb of a vertebrate, equivalent to the arm in humans.