If the Variance of a Data Set Is Correctly Computed

question 34

Multiple Choice

If the variance of a data set is correctly computed with the formula using n - 1 in the denominator, which of the following is true?

• A)the data set is a sample
• B)the data set is a population
• C)the data set could be either a sample or a population
• D)the data set is from a census

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Definitions:

FUTA Taxes

Federal Unemployment Tax Act taxes, which are payroll taxes paid by employers to fund the unemployment insurance system.

Liability

A company’s or individual’s legal financial debts or obligations that arise during the course of business operations.

Percentage Method

An IRS method for calculating the amount of taxes to withhold from an employee's paycheck based on income brackets.

Federal Income Tax

An annual charge imposed by the U.S. government on the income of individuals, businesses, trusts, and various legal bodies.