What Does the Term "Statistics" Mean with Respect to CloudWatch

question 332

Multiple Choice

What does the term "statistics" mean with respect to CloudWatch metrics?

• A) Time of a metric collection
• B) Data aggregation over a specific period of time
• C) Status of a metric
• D) Unit of a metric

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Definitions:

LIFO Inventory Cost Method

An inventory valuation method that assumes the last items purchased are the first ones sold, affecting the company's bookkeeping and tax calculations.

Current Revenues

Income received by an entity within its normal business operations and within the current accounting period.

Lower-Of-Cost-Or-Market

An accounting principle that values inventory at the lesser of its historical cost or the market replacement cost, ensuring inventory is not overstated.

Inventory Valuation

The method used to calculate the cost associated with an inventory, which can impact the cost of goods sold and net income.