(I the Weekly Sales from a Sample of Ten Computer

question 175

Multiple Choice

(i. The weekly sales from a sample of ten computer stores yielded a mean of $25,900; a median $25,000 and a mode of $24,500. The shape of the distribution is positively skewed (ii) For the median (measure of central tendency) , the data must be ranked before it is possible to determine it.
(iii) If the sum of all the values of a distribution is divided by the number of values, the result is the arithmetic mean.

• A) (i), (ii) and (iii) are all correct statements
• B) (i) and (ii) are correct statements but not (iii).
• C) (i) and (iii) are correct statements but not (ii).
• D) (ii) and (iii) are correct statements, but not (i).
• E) (i), (ii) and (iii) are all false statements.

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Definitions:

Dissolves

The act of officially ending the existence of an entity such as a corporation, partnership, or marriage.

Taxed

Imposed financial charges by a government on income, goods, or activities for public funding.

Separate Entity

A principle acknowledging that a business has its own legal identity, distinct from its owners or members, allowing it to own property, incur debts, and enter into contracts independently.

UPA

Uniform Partnership Act, a standardized set of laws intended to regulate the operation of partnerships within the United States.