The Local Amusement Park Was Interested in the Average Wait

question 7

Multiple Choice

The local amusement park was interested in the average wait time at their most popular roller coaster at the peak park time (2 p.m.) . They selected 13 patrons and had them get in line between 2 and 3 p.m. Each was given a stopwatch to record the time they spent in line. The times recorded were as follows (in minutes) : 118, 124, 108, 116, 99, 120, 148, 118, 119, 121, 45, 130, 118. What is the mode?

• A) 114.15
• B) 118
• C) 148
• D) 45
• E) 115.5

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Definitions:

Carrying Amount

The net value of an asset or liability according to a company's balance sheet.

Supplies Used

Expenses related to consumable items used in the operation of a business.

Supplies Account

An account used to track the cost of supplies not immediately consumed by the business, often classified as a current asset.

Insurance Expense

Costs incurred by a business or individual for purchasing insurance coverage, considered an operating expense in accounting.