Some Information About Auto Theft Rates (Number of Auto Thefts

question 13

Essay

Some information about auto theft rates (number of auto thefts per 100,000 population)for a sample of 178 cities in two different years is summarized below.Express this statistical information in words.What changes were there in the overall shape of the distribution of this variable? In central tendency? In dispersion?
$$\begin{array} { l l l } &\underline{ 1985 }& \underline{ 2005 }\\\text { Men } = & { 150.32 } & { 125.17 } \\\text { Medius } = & 117.17 & 123.01 \\\text { Standard Devidion } = & 1273 & 701\end{array}$$

Recognize sales discounts and how they are recorded in accounting transactions.

Understand how the return of merchandise impacts financial records.

Distinguish between various financial statements and their primary purposes.

Understand the concepts of debit and credit balances in common accounts used in merchandising businesses.

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Definitions:

Labor

Refers to human efforts used in the production of goods and services.

Cost Of Capital

The minimum profit percentage a corporation needs to achieve on its ventures to sustain its market value and draw in capital.

Cost Of Labor

The total sum of all compensation that a business must pay to its employees for a set period or on a given project.

Cost Of Capital

The expense incurred by an entity to fund its operations and growth, typically comprising interest on debt and dividends on equity.