If the Variance of a Data Set Is Correctly Computed

question 68

Multiple Choice

If the variance of a data set is correctly computed with the formula using n - 1 in the denominator, which of the following is true:

• A)the data set is a sample
• B)the data set is a population
• C)the data set could be either a sample or a population
• D)the data set is from a census
• E)none of the above

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Definitions:

Accrued Expenses

Expenses that have been incurred but not yet paid or recorded in the books, representing liabilities that a company owes.