Exhibit 2-5

question 46

Multiple Choice

Exhibit 2-5.The following data represent scores on a pop quiz in a statistics section: Refer to Exhibit 2-5.Suppose the data on quiz scores will be grouped into five classes.The width of the classes for a frequency distribution or histogram is closest to _____.

• A)10
• B)12
• C)14
• D)16

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Definitions:

Days' Sales

A measure that indicates how many days, on average, it takes a company to collect revenue after a sale has been made.

Retail Method

An estimating method used to calculate inventory cost, based on the retail price, to determine cost of goods sold and ending inventory.

Inventory Estimating

A method used to approximate the amount of inventory a business has without doing a detailed physical count, often applied in periodic inventory systems.

Merchandise Prices

The set prices at which goods are sold to consumers, influencing revenue, profit margins, and competitive positioning.