Twelve Randomly Chosen Students Were Asked How Many Times They

question 23

Multiple Choice

Twelve randomly chosen students were asked how many times they had missed class during a certain semester, with this result: 2, 1, 5, 1, 1, 3, 4, 3, 1, 1, 5, 18. For this sample, the geometric mean is:

• A)2.158.
• B)1.545.
• C)2.376.
• D)3.017.

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Definitions:

Amortization

The process of spreading out a loan or intangible asset cost over a fixed period of time for accounting and tax purposes.

Straight-Line Method

A method of allocating the cost of an asset evenly over its useful life.

Callable Bonds

Securities that the issuer has the option to repurchase before they reach their due date, at a specified call price.

Carrying Amount

The net amount at which an asset or liability is recognized on the balance sheet, considering factors like depreciation or amortization.