Excel's __________ Function Can Be Used to Compute the Sample

question 92

Multiple Choice

Excel's __________ function can be used to compute the sample variance.

• A)MAX
• B)MODE
• C)VAR
• D)STDEV

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Definitions:

Average Inventory

An accounting measure used to estimate the value of inventory over a certain period by averaging the beginning and ending inventory levels.

Cost Of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including material and labor costs.

Ending Inventory

The final value of goods available for sale at the end of an accounting period.

Net Income

The amount of earnings left over after all expenses, including taxes and costs, have been deducted from total revenue; essentially, the company's profit.