The Histogram Shows the Sizes (In Acres)of 169 Farms in Ontario.In

question 61

Multiple Choice

The histogram shows the sizes (in acres) of 169 farms in Ontario.In addition to describing the distribution,approximate the percentage of farms that are under 100 acres.

• A)The distribution of the size of farms in Ontario is skewed to the right.Most of the farms are smaller than 150 acres,with some larger ones,from 150 to 300 acres.Five farms were larger than the rest,over 400 acres.The mode of the distribution is between 0 and 50 acres.It appears that 118 of 169 farms are under 100 acres,approximately 70%.
• B)The distribution of the size of farms in Ontario is symmetric,with farm sizes ranging from 0 to 450 acres.The mode of the distribution is between 0 and 50 acres.It appears that 118 of 169 farms are under 100 acres,approximately 70%.
• C)The distribution of the size of farms in Ontario is symmetric,with farm sizes ranging from 0 to 450 acres.The mode of the distribution is between 100 and 150 acres.It appears that 118 of 169 farms are under 100 acres,approximately 70%.
• D)The distribution of the size of farms in Ontario is skewed to the right.Most of the farms are smaller than 50 acres,with some larger ones,from 150 to 300 acres.Five farms were larger than the rest,over 400 acres.The mode of the distribution is between 0 and 50 acres.It appears that 118 of 169 farms are under 100 acres,approximately 70%.
• E)The distribution of the size of farms in Ontario is skewed to the right.Most of the farms are smaller than 150 acres,with some larger ones,from 150 to 300 acres.Five farms were larger than the rest,over 400 acres.The mode of the distribution is between 0 and 50 acres.It appears that 62 of 169 farms are under 100 acres,approximately 37%.

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Definitions:

Actual Costs

Expenditures that a company incurs, as opposed to estimations or budgeted amounts.

Standard Costs

Predetermined costs for material, labor, and overhead used as benchmarks for measuring performance.

Direct Labor Time Variance

The difference between the actual hours spent on production and the standard hours expected, multiplied by the standard hourly wage rate.

Actual Costs

are the genuine expenditures incurred in the production or acquisition of goods and services, as opposed to estimated or standard costs.