In the Formula for Computing the Mean, What Does the Letter

question 10

Multiple Choice

In the formula for computing the mean, what does the letter "X" represent?

• A) summation
• B) sample size
• C) mean value of the group
• D) individual scores

---

Definitions:

Net Income

The profit or loss of a business after all expenses, taxes, and costs have been subtracted from total revenues.

Selling Price

The selling price is the amount a buyer pays to purchase a product or service from a seller.

Contribution Margin Ratio

The percentage of sales revenue remaining after variable costs are subtracted, indicating the portion contributing to covering fixed costs and generating profit.

Sales Mix

The relative proportions in which a company’s products are sold. Sales mix is computed by expressing the sales of each product as a percentage of total sales.