The Sample Data Below Shows the Number of Hours Spent

question 12

Multiple Choice

The sample data below shows the number of hours spent by five students over the weekend to prepare for Monday's Business Statistics exam. (See the Excel Data File.) The mean and the median of the numbers of hours spent by the five students are ________.

• A) 2 hours and 3 hours, respectively
• B) 3 hours and 5 hours, respectively
• C) 5 hours and 2 hours, respectively
• D) 5 hours and 3 hours, respectively

---

Definitions:

Notes Payable

Financial obligations represented by promissory notes, which require the payer to repay the debt within a specified timeframe.

Asset Utilization Ratio

A metric that measures how efficiently a firm uses its assets to generate sales or revenue.

Net Income

The remainder income for a company once it has accounted for all expenditures and tax payments from its earnings.

Sales

Transactions involving the exchange of goods or services for money or equivalent rewards.