What Statistic Are You Calculating If You Add the Income

question 101

Multiple Choice

What statistic are you calculating if you add the income of ten people and divide that sum by ten?

• A)the mean
• B)the median
• C)the correlation coefficient
• D)a rate
• E)all of these choices

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Definitions:

Liability Accounts

Accounts on a company's balance sheet that represent the company's obligations to others, including loans, accounts payable, mortgages, and accrued expenses.

Total Assets

The sum of all assets owned by a company, including cash, inventory, property, and equipment, reflected on the balance sheet.

Use of Cash

The ways in which a company or individual employs their available cash resources, including operating expenses, investments, and financing activities.

Uses of Cash

Refers to the various ways a business or individual utilizes cash, including operating expenses, investment activities, and financing activities.