A Refund of a Portion of the Purchase Price Usually

question 28

Multiple Choice

A refund of a portion of the purchase price usually granted by the product's manufacturer to consumers is known as a _____.

• A)cash discount
• B)rebate
• C)functional discount
• D)trade-in

---

Definitions:

Range

The difference between the highest and lowest values in a dataset, providing a measure of the overall spread.

Variance

A measure of the dispersion indicating how far each number in the set is from the mean and from each other.

Standard Deviation

Standard deviation is a measure of the dispersion or spread of a set of data points relative to its mean, indicating how spread out the data points are.

Salaries

Payments made regularly by an employer to an employee, especially a professional or white-collar worker.