A Sample of Five Flooring Installers, Each Carrying Three Types

question 114

Multiple Choice

A sample of five flooring installers, each carrying three types of flooring, was taken and the price per square metre (to the nearest cent) was recorded for each type of flooring, as shown in the table below. (i) The range for laminate flooring is 0 or none.
(ii. The standard deviation for nylon carpet is 4.64 cents
(iii) The range for nylon carpet is $0.12 or 12 cents.

• 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.

---

Definitions:

Turnaround

The process of implementing significant changes in a company to reverse poor performance and return to profitability.

Liquidation

The termination of a business and the sale of its assets.

Value Statement

A declaration that communicates an organization's core principles and ethical commitments to its stakeholders.

Honesty

The quality of being truthful, transparent, and free from deceit or fraud.