To Determine the Mean for a Set of Scores

question 34

Multiple Choice

To determine the mean for a set of scores,

• A) start by dividing the distribution of scores in half.
• B) start by looking for the most common score.
• C) start by adding up all of the scores in the distribution.
• D) multiply the sum of the scores by the total number of scores.

---

Definitions:

Operating Cycle

The duration it takes for a company to purchase inventory, sell products, and receive cash from sales, indicating the company's efficiency in managing its core operations.

Inventory Period

The average time it takes for inventory to be sold and replaced over a period, a key component of efficiency in supply chain management.

Accounts Payable Period

The average duration it takes for a company to pay off its suppliers after receiving goods or services.

Accounts Receivable Period

The mean duration that a company requires to receive payments from credit sales, reflecting the effectiveness of its policies on credit and collections.