Compare and Contrast Methods of Summarizing and Describing Data
Use

question 6

Multiple Choice

Compare and contrast methods of summarizing and describing data
Use the spreadsheet below to answer the following question(s) .
Below is the table showing rate of shoes sold per day and the highest-priced shoe sold that day for a one-week period. The rate of shoes sold per day (X) and the price of the shoes (Y) . $$\begin{array}{l}\begin{array} { | l | l | } \hline\text { Shoes sold }\\ \text { in \% (X) } & \text { Price (Y) } \\\hline 15 & \$ 48 \\\hline 27 & \$ 55 \\\hline 10 & \$ 40 \\\hline 13 & \$ 88 \\\hline 25 & \$ 53 \\\hline 9 & \$ 47 \\\hline 18 & \$ 40 \\\hline & \\\hline\end{array}\end{array}$$
-Use Excel to calculate the z-score of X observation 27.

• A) -0.24
• B) 0
• C) 0.18
• D) 1.46

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Definitions:

Principal Portion

The part of a payment that reduces the original amount of the loan, as distinguished from the interest portion.

Current Liabilities

Financial responsibilities that must be settled within a year or during the standard operational cycle.

Statement of Financial Position

Another term for the balance sheet, detailing a company's assets, liabilities, and shareholders' equity at a specific point in time.

Liquidity

A measure of how easily assets can be converted into cash without affecting their market price.