A Reporter for the Campus Paper Asked Five Randomly Chosen

question 112

Multiple Choice

A reporter for the campus paper asked five randomly chosen students how many occupants, including the driver, ride to school in their cars. The responses were 1, 1, 1, 1, 6. The coefficient of variation is:

• A)25 percent.
• B)250 percent.
• C)112 percent.
• D)100 percent.

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Definitions:

Net Present Value

A calculation used to assess the profitability of an investment or project, considering the time value of money by discounting future cash flows to their present value.

Selling Price

The amount of money charged to the buyer for a product or service, typically set above the cost to include a profit margin.

Credit Terms

The conditions under which a seller will extend credit to a buyer, including the repayment period, interest rate, and the amount of payment.

Net 20

A payment term indicating that the full payment is due within 20 days from the invoice date.