Which Answer Best Describes When the History of Statistics Began

question 11

Multiple Choice

Which answer best describes when the history of statistics began?

• A) The history of statistics dates back to the Roman era.
• B) The history of statistics was started in the 1790s.
• C) The history of statistics was used in counting bricks.
• D) The history of statistics was used in counting and predicting the amount of fruit.

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Definitions:

Cumulative Effect Change

The aggregate change in a company's earnings resulting from a change in accounting principle, reported in the period in which the change is made.

Opening Retained Earnings

The balance of retained earnings at the beginning of the accounting period.

Comparative Financial Statements

Financial statements that present financial information for multiple periods side-by-side, allowing for analysis and comparison across different time frames.

Double-Declining-Balance

A method of accelerated depreciation that doubles the rate at which an asset’s book value depreciates, allowing for a larger expense deduction in the early years of the asset’s life.