The Following Data for February Has Been Provided by Gillard

question 104

Multiple Choice

The following data for February has been provided by Gillard Corporation. The budget variance for February is:

• A)$7,440 F
• B)$7,440 U
• C)$1,140 F
• D)$1,140 U

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Definitions:

Bell Shaped Distribution

A type of distribution which is symmetric and has its peak in the middle, commonly associated with the normal distribution.

Standard Deviation

A measure of the dispersion or variability in a dataset, indicating how much the values in the set deviate from the mean.

Mean

The arithmetic average of a set of numbers, calculated by adding all the values together and dividing by the number of values.

25th Percentile

A measure indicating that 25 percent of the observed values fall below this point, also known as the first quartile.