If a Distribution of Scores Has a Mean of 30

question 7

Multiple Choice

If a distribution of scores has a mean of 30 and a range of 0________.

• A) the variance is 30.
• B) the quartile deviation (Q) is 10.
• C) there is no variation in the distribution.
• D) the standard deviation is 1.

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Definitions:

Accounts Receivable

Money owed to a business by its customers for goods or services that have been delivered but not yet paid for.

Average Collection Period

The average number of days it takes for a company to receive payments owed by its customers for sales on credit.

Credit Policies

Guidelines that a company follows to determine the creditworthiness of customers, terms of credit, collection procedures, and how much credit to extend.

Accounts Receivable

Money owed to a company by its customers for goods or services that have been delivered or used, but not yet paid for.