To Check the Assumption of Normality for Calculating the Mean

question 8

Multiple Choice

To check the assumption of normality for calculating the mean and standard deviation of a set of data, you could:

• A)calculate the mean and standard deviation and indicate the distribution's normality.
• B)graph a histogram and check the option to show the normal curve on the histogram.
• C)graph a bar chart and check the option to show the normal curve on the bar chart.
• D)graph a pie chart and check the option to show the normal curve on the pie chart.

---

Definitions:

Ending Inventory

The total value of all the goods remaining unsold at the end of an accounting period.

Cost of Goods Sold

Costs directly connected with the manufacture of goods a company sells, including both materials and workforce expenses.

Beginning Inventory

The value of all the inventory held by a business at the start of an accounting period.

Net Sales

The amount of sales revenue left after deducting sales returns, allowances, and discounts.