A Budget ________

question 112

Multiple Choice

A budget ________.

• A) is a quantitative expression of a plan of action
• B) provides feedback by comparing actual results with planned results
• C) includes deviations from planned results
• D) ignores areas that are presumed to be running smoothly

---

Definitions:

Histogram

A type of bar graph used in statistics to represent the distribution of a dataset by showing the frequencies of different intervals of values.

Tails

Refers to the extreme ends of the distribution curve, highlighting areas of very low probability in statistical analysis.

Coefficient of Variation

A measure of relative variability that expresses the standard deviation as a proportion of the mean, commonly used to compare the degree of variation from one data series to another.

Dispersion

The degree to which a distribution is stretched or squeezed, often measured by statistics such as range, variance, or standard deviation.