THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
A computer is programmed to draw 1000 samples,each of size 40 from a normally distributed population having mean 50 and standard deviation 10.For each sample,the mean and the median are computed.The average value and standard deviation of each set of estimates for the 1000 samples are as follows.
-Which statistic appears to be more efficient?
Definitions:
Net Sales
The revenue from sales transactions after deductions for returns, allowances, and discounts have been made.
Profit Margin
A financial metric that measures the percentage of revenue remaining after all expenses have been deducted from sales.
Operating Income
Income generated from regular business operations, excluding expenses such as taxes and interest payments.
Trading Debt Securities
Buying and selling debt instruments, like bonds, in financial markets with the aim of profiting from price fluctuations.
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