The Bar Charts Below Summarize Data Collected on 100 Adults

question 82

Multiple Choice

The bar charts below summarize data collected on 100 adults regarding gender and pet ownership.Which of the following statements is (are) true based on this chart?

• A)Gender and pet ownership are related; a higher percentage of males own pets than females.
• B)Gender and pet ownership are related; a higher percentage of females own pets than males.
• C)Gender and pet ownership are related; males and females own the same percentage of pets.
• D)Gender and pet ownership are not related.

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Definitions:

Inventory Records

Documentation that tracks the quantity, purchase costs, and sale prices of products available for sale, crucial for accurate inventory management and financial reporting.

Periodic Inventory

An inventory system where the inventory level is updated at specific intervals.

Ending Inventory

Ending inventory is the total value of inventory still on hand at the end of an accounting period, calculated by adding new purchases to beginning inventory and subtracting the goods sold.

LIFO

Last In, First Out (LIFO) is an inventory valuation method which assumes that the most recently produced items are the first to be sold.