Jing Statistical Services Operates a Website That Links Experienced Statisticians

question 96

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 contact 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 (= 75% x $1,500).
• C)Revenue of $375 (= 25% x $1,500).
• D)None of the other answers is correct.

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Definitions:

Continental Drift

In the theory of plate tectonics, the movement of continents embedded in underlying plates on the earth's surface in relation to one another over the history of life on earth.

Climate Change

Significant and long-term changes in the Earth's climate, including global warming, largely attributed to human activities.

Human History

The recorded or studied past of the human species, encompassing historical events, cultures, advancements, and transformations through time.

Neandertals

An extinct species of human that was widely distributed in ice-age Europe between c. 120,000-35,000 years ago, coexisting with early Homo sapiens.