Use This Information to Answer the Following Question

question 126

Multiple Choice

Use this information to answer the following question. In addition, beginning merchandise inventory was $22,000 and ending merchandise inventory was $14,000.
Net sales for the period were

• A) $305,000.
• B) $275,000.
• C) $295,000.
• D) $215,000.

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Definitions:

Z-score

A statistic that tells you how many standard deviations a given value is from the mean.

Sample Mean

The average value of a sample set, calculated by summing all observations and dividing by the number of observations.

Sampling Distribution

The probability distribution of a statistic based on a large number of samples drawn from a specific population.

Sample Size

The number of individuals or observations included in a subset of a population for the purpose of statistical analysis.