Which of the Following Is True of Analyzing Numbers from Databases

question 38

Multiple Choice

Which of the following is true of analyzing numbers from databases and numbers from a survey conducted?

• A) Numerical information cannot serve as data in support of a recommendation.
• B) The mean is calculated by adding all the numbers and multiplying the total by the number of samples.
• C) The average is the number that occurs most often in a list of observations.
• D) The median refers to the number that is exactly in the middle in a ranked list of observations.
• E) The range is the average of two numbers in the center of a list.

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Definitions:

Direct Method

A cash flow statement presentation that itemizes the major categories of gross cash receipts and payments, providing a clearer view of a company's cash flow from operating activities.

Ending Inventory

The total value of a company's merchandise, raw materials, work-in-progress, and finished goods at the end of an accounting period.

Ceiling Constraint

In accounting, the maximum value that inventory can be reported at, ensuring that assets are not overstated.

Floor Constraint

A limitation in inventory accounting that prevents the value of inventory from being reported below a certain level.