The Data Set Is: 2, 3, 6, 7, 12

question 2

Multiple Choice

The data set is: 2, 3, 6, 7, 12. A measure of dispersion is calculated, and it is about 3.5. What is this measure of dispersion?

• A)The difference score
• B)The variance
• C)The range
• D)The standard deviation

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Definitions:

Operating Cycle

The period it takes for a business to acquire resources, produce inventory, sell it in the market, and eventually collect cash from the sale.

Accounts Payable Period

The average amount of time it takes for a business to pay off its suppliers and creditors for purchases made on credit.

Cash Cycle

The time period between the outlay of cash for the production process and the collection of cash from customers.

Fixed Asset Requirements

The necessary investments in long-term assets like property, plant, and equipment that a business needs to carry out its operations.