If We Have a Data Set with a Mean of 25

question 41

Multiple Choice

If we have a data set with a mean of 25 and a variance of 16, what are the new mean and variance if we add 5 to all the values, then multiply them by 4?

• A) Mean = 79, variance = 48
• B) Mean = 79, variance = 144
• C) Mean = 87, variance = 48
• D) Mean = 87, variance = 144

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Definitions:

Debt Ratio

A financial ratio that measures the extent of a company's or individual's leverage, calculated by dividing total liabilities by total assets.

Micro-aging Schedule

A detailed plan or method for categorizing accounts receivable based on the age of the invoice, typically used to manage and prioritize collections.

Cash Budget

A financial plan that estimates incoming and outgoing cash flows over a specific period, helping businesses manage liquidity and cash reserves.

Income Statement

A financial statement that reports a company's financial performance over a specific accounting period, detailing revenues, expenses, and profits or losses.