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In 2013, KP Building Inc. began work on a four-year construction project (called Cincy One). The contract price is $300 million. KP uses the percentage-of-completion method of accounting. At the end of 2013, the following financial statement information indicates the results to date for Cincy One: Required: Compute the following, placing your answer in the spaces provided and showing supporting computations below.
Variation
Differences or diversities in characteristics among individuals of a population, species, or between groups.
Standard Deviation
A measure of the amount of variation or dispersion of a set of values.
Mean Age
An arithmetic average age of all the individuals in a given group or sample.
Range
The difference between the highest and lowest scores in a set of data, indicating the spread or variability of the dataset.
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