Calculate the Mean for the Following Set of Scores: 4

question 31

Multiple Choice

Calculate the mean for the following set of scores: 4, 8, 3, 7.

• A)3.0
• B)4.5
• C)5.5
• D)6.0

---

Definitions:

Units Produced

The total quantity of items manufactured by a company during a specific period.

Absorption Costing

An accounting method that includes all manufacturing costs, direct and indirect, in the unit cost of a product.

Net Income

The total profit of a company after all expenses and taxes have been deducted from revenue.

Manufacturing Margin

The difference between the sales revenue generated by manufactured goods and the cost of producing those goods, indicating profitability.