The Sample Data Below Shows the Number of Hours Spent

question 117

Multiple Choice

The sample data below shows the number of hours spent by 5 students over the weekend to prepare for Monday's Business Statistics exam. The mean and the median of the numbers of hours spent by the 5 students are

• A)2 hours and 5 hours,respectively
• B)3 hours and 5 hours,respectively
• C)5 hours and 2 hours,respectively
• D)5 hours and 3 hours,respectively

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Definitions:

Segment Margin

The amount of profit or loss generated by an individual segment of a business after deducting direct and traceable costs.

Net Operating Income

The income yielded by a company's primary activities, not including costs or earnings from activities outside its main operations.

Variable Costing

A costing method that includes only variable production costs—direct materials, direct labor, and variable manufacturing overhead—in product cost.

Operating Results

The outcome of a company's core business activities, including revenue generation and expenses, over a specific period.