Just How Accurate Are the Weather Forecasts We Hear Every

question 25

Multiple Choice

Just how accurate are the weather forecasts we hear every day? The table below compares the daily forecast with a city's actual weather for a year.
On what percent of days was rain predicted?

• A)14.8%
• B)24.1%
• C)38.6%
• D)9.3%
• E)11.5%

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Definitions:

Closing Entries

The journal entries that transfer the balances of temporary accounts to permanent accounts at the end of the accounting period.

Financial Loss

A decrease in net income resulting from expenses exceeding revenues or due to asset devaluation, not typical of the company's usual business operations.

Stockholder

A person, company, or institution that owns at least one share of a company's stock, making them a partial owner of that company.

Invested

Refers to the allocation of resources, usually money, into something expecting a return, such as stocks, bonds, or a business venture.