If the Standard Deviation of the Population Is Not Known,______

question 89

Multiple Choice

If the standard deviation of the population is not known,______ as a measure of dispersion.

• A)we can take an educated guess
• B)we can use the range value (the difference between the maximum and minimum values)
• C)we can use the variance
• D)we can use the mean plus or minus three standard deviations

Learn the legal requirements and procedural aspects of forming a corporation.

Understand the liability of individuals acting on behalf of a corporation.

Recognize the implications of corporate personhood on rights and responsibilities.

Understand the concept of a corporation’s implied powers.

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Definitions:

Cost-to-retail Percentage

A method used in inventory valuation that compares the cost of goods to their retail price to calculate inventory value.

Purchases Returns

Goods returned by the buyer to the supplier due to defects, damage, or other reasons, which can reduce the total amount of purchases.

Retail Inventory Method

An accounting technique used in retail to estimate the ending inventory value based on the relationship between the cost and selling price of goods.

Cost-to-retail Ratio

A method used in inventory accounting that estimates the value of ending inventory by calculating the cost to retail price ratio.