Dante Had to Complete a Project for His Statistics Class

question 11

Multiple Choice

Dante had to complete a project for his statistics class. He was tasked with going to a nursing home and recording the various types of physical activity and how often residents engaged in each activity on a given day. Dante then had to organize the information in a clear and concise manner. Dante probably displayed his information in a(n) :

• A) observation schedule.
• B) coding system.
• C) frequency distribution.
• D) mode.

---

Definitions:

Stock Turn Rate

A measure of how quickly inventory is sold and replaced over a given period, indicating the efficiency of inventory management.

Markup

An additional amount incorporated into the buying price of products to compensate for running expenses and gain profit.

Selling Price

The amount of money for which a product or service is sold to the buyer.

Markdown Percentage

The reduction percentage applied to an item's retail price to stimulate sales or clear out inventory.