In a Statistic Class, 10 Scores Were Randomly Selected with the Following

question 34

Multiple Choice

In a statistic class, 10 scores were randomly selected with the following results were obtained:
74, 73, 77, 77, 71, 68, 65, 77, 67, 66

-What is the mean?

• A)71.5
• B)72.0
• C)77.0
• D)71.0
• E)73.0

---

Definitions:

Variance Reports

Documents that compare actual performance to planned or budgeted performance, highlighting differences or "variances."

Top Management

Refers to the highest level in the management hierarchy, responsible for the overall strategy and direction of an organization.

Standard Cost

A predetermined cost of manufacturing, which is often used in budgeting and variance analysis.

Budgeted Amount

The estimated financial expenditure or revenue for a specific period, often used as a plan or guideline for managing finances.