The Following Stem-And-Leaf Output Has Been Generated by Minitab $\quad \mathrm { N } = 10$

question 1

Multiple Choice

The following stem-and-leaf output has been generated by Minitab. Stem-and-leaf of C2 $\quad \mathrm { N } = 10$
Leaf Unit $= 0.10$
$\begin{array} { l c } 2 & - 153 \\ 4 & - 097 \\ ( 2 ) & - 065 \\ 4 & 03 \\ 3 & 06 \\ 2 & 13 \\ 1 & 18 \end{array}$ Which of the following statements are correct?

• A) This data set has a mean that is negative.
• B) This data set has a median less than -0.5
• C) There is no modal class
• D) This data set has six negative values
• E) All of these are correct

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Definitions:

Cost-Based Transfer Prices

Pricing methods for transactions within an organization based on the costs incurred in producing or acquiring the transferred goods or services.

Standard Variable Cost

The estimated average variable cost per unit of output, factoring in material, labor, and overhead expenses.

Mark-Up

The percentage added to the cost of goods to determine the selling price, covering overhead and profit.

Agreed Transfer Price

The price at which goods or services are transferred between departments within a company or between affiliated companies.