The Range Is a Measure of Variation That Is Simple

question 102

Multiple Choice

The range is a measure of variation that is simple enough to calculate,but its value is

• A) greatly affected by extreme scores in the distribution.
• B) not affected enough by extreme scores in the distribution.
• C) extremely limited when a distribution is relatively platykurtic.
• D) too exaggerated for use with a normal distribution.

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Definitions:

Trial Balance

An accounting report that lists the balances of all general ledger accounts at a particular point in time to check the accuracy of bookkeeping entries.

Income Statement

A financial statement that shows a company's revenues, expenses, and profit over a specific period.

Retained Earnings

The portion of a company’s profits that is retained within the business rather than distributed to shareholders as dividends.

Revenue Accounts

Accounts that record the income a company earns from its normal business activities.