Use the Following to Answer the Question(s) Below

question 23

Multiple Choice

Use the following to answer the question(s) below.
A consumer magazine evaluated the price and performance of 23 models of cordless phones. Computer output gives this summary for the prices ($) :

-Based on the summary statistics, which of the following is true?

• A) The distribution is symmetric.
• B) The distribution is skewed to the right.
• C) The distribution is skewed to the left.
• D) The mean is a better measure of centre for these data than the median.
• E) The standard deviation is larger than the range.

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Definitions:

Preferred Stock

A class of ownership in a corporation that has a higher claim on assets and earnings than common stock, usually with predetermined dividend payments.

Statement of Cash Flows

A financial report that shows how changes in balance sheet accounts and income affect cash and cash equivalents.

Direct Method

A way of preparing the cash flow statement where actual cash flows from operating activities are reported.

Income Taxes Payable

This liability account shows the amount of income taxes owed to the government but not yet paid by a company.