Use the Information Given Below to Answer the Following Question

question 22

Multiple Choice

Use the information given below to answer the following question.

What is the net profit for 2016?

• A) $70 000
• B) $62 000
• C) $104 000
• D) $112 000 )

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Definitions:

Mean

The arithmetic average of a set of numbers, found by dividing the sum of all numbers in the set by the count of numbers.

Qualitative Variables

Variables that describe or categorize attributes or characteristics that are not numerical but can be observed qualitatively.

Summarized

The presentation of data or information in a condensed form, highlighting the main points or statistics.

Proportions

A statistical measure that reflects the relationship of a part to the whole, often expressed as a fraction or percentage.