Here Are Summary Statistics of the Four Last Digits of Social

question 4

Multiple Choice

Here are summary statistics of the four last digits of social security number of 500 customers,corresponding to the following histogram.

Is the mean or median a "better" summary of the centre of the distribution?

• A)Neither,because these are not categorical data.
• B)Neither,because these are not quantitative data.
• C)Median,because the IQR is smaller than the standard deviation.
• D)Mean,because the distribution is quite symmetric.
• E)Median,because of the outliers.

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Definitions:

Statement of Cash Flows

An overview presenting the effects of changes in income and balance sheet figures on cash and cash equivalents, categorized by operating, investing, and financing activities.

Indirect Method

An approach used in cash flow statements where net income is adjusted for changes in non-cash working capital and other items to arrive at net cash flow from operating activities.

Fixed Assets

Fixed assets are long-term tangible assets that a company owns and uses in its operations to generate income, such as buildings, machinery, and equipment.

Percentage-Of-Completion Method

An accounting method used to recognize revenues and expenses of long-term projects proportionate to the work completed during the period.