Determine the Five-Number Summary of the Given Data

question 49

Multiple Choice

Determine the five-number summary of the given data.
-The test scores of 15 students are listed below.

• A) 43, 53, 71.0, 87, 95
• B) 43, 52.25, 68, 85.5, 95
• C) 43, 52.25, 71.0, 85.5, 95
• D) 43, 53, 68, 87, 95

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Definitions:

Variable Costing

A costing method where only variable manufacturing costs are included in the cost of goods sold, with fixed manufacturing overhead treated as a period expense.

Absorption Costing

An accounting method that includes all manufacturing costs (both fixed and variable) in the cost of a product.

Net Income

The total earnings of a company after subtracting all expenses, taxes, and costs, reflecting the actual profitability.

Absorption Costing

A method of accounting that incorporates both variable and fixed manufacturing expenses into the pricing of a product.