Jing Statistical Services Operates a Website That Links Experienced Statisticians

question 267

Multiple Choice

Jing Statistical Services operates a website that links experienced statisticians with businesses that need data analyzed. Statisticians post their rates, qualifications, and references on the website, and Jing receives 25% of the fee paid to the statisticians in exchange for identifying potential customers. VetMed Associates contacts Jing and arranges to pay a consultant $1,500 in exchange for analyzing some data. Jing's income statement would include the following with respect to this transaction:

• A) Revenue of $1,500
• B) Revenue of $1,500, and cost of services of $1,125
• C) Revenue of $375
• D) Revenue of $1,875 and cost of services of $1,500

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Definitions:

Health Promotion

The process of enabling people to increase control over, and to improve, their health by addressing and preventing factors affecting health.

Hearing Aids

Electronic devices that amplify sound to aid individuals with hearing loss.

Refractive Errors

Vision issues caused by the shape of the eye that prevent light from focusing directly on the retina, necessitating correction for clear vision.

Strabismus

A condition in which the eyes do not properly align with each other when looking at an object, leading to double vision or misalignment.