Which of the Following Is a Statistical Function

question 52

Multiple Choice

Which of the following is a Statistical function?

• A)INT
• B)RAND
• C)ROUND
• D)AVERAGE

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Definitions:

Standard Costs

Predetermined or estimated costs of manufacturing, used for budgeting and assessing performance.

Management Tool

A management tool encompasses various strategies, techniques, or software used by managers to improve decision-making, efficiency, and effectiveness within an organization.

Ledger

A group of accounts for a business.

Price And Quantity Variances

The difference between the actual and expected costs, analyzed through the perspectives of price paid and the quantity used.