A Frequency Distribution, Which Is Completely Defined by Its Average

question 46

Multiple Choice

A frequency distribution, which is completely defined by its average (mean) and variance or standard deviation, is referred to as a(n) :

• A)normal distribution.
• B)variance distribution.
• C)expected rate of return.
• D)average geometric return.
• E)average arithmetic return.

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Definitions:

Cash Amount

The total amount of money, in cash form, that is available or in consideration in a transaction.

Direct Method

A way of reporting cash flows from operating activities in the cash flow statement by listing major classes of gross cash receipts and payments.

Operating Activity

Activities that relate directly to the business’s primary operations, such as selling goods and providing services, not including investing or financing activities.