Using the Data Set Shown, What Are the Correct Variance

question 18

Multiple Choice

Using the data set shown, what are the correct variance and interquartile range values for this data set?
Data set: 3, 4, 5, 5, 8, 9, 11, 11

• A) Variance = 8.75, interquartile range = 5.5
• B) Variance = 8.75, interquartile range = 6.5
• C) Variance = 10, interquartile range = 5.5
• D) Variance = 10, interquartile range = 6.5

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Definitions:

Trademark

A name, term, or symbol used to identify a business and its products.

Business

An organization or enterprising entity engaged in commercial, industrial, or professional activities with the aim of generating profits.

Fixed Asset Turnover Ratio

A financial ratio that measures a company's efficiency in using its fixed assets to generate sales.

Sales Earned

Income a company recognizes after delivering goods or services to a customer, reflecting actual earnings from sales.