The Weights of a Sample of 100 Boxes Being Shipped

question 124

Multiple Choice

The weights of a sample of 100 boxes being shipped by Air France from Toronto to Paris are: (i) Correct to two decimal places, the sample standard deviation is approximately 25.99.
(ii. Correct to two decimal places, the sample variance is approximately 675.25.

• A) (i) and (ii) are both correct statements
• B) (i) is a correct statement but not (ii).
• C) (ii) is correct but not (i).
• D) (i) and (ii) are both false statements.

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Definitions:

Percentage Change

A mathematical calculation that shows how much a quantity has increased or decreased as a percentage of its previous value, often used to measure growth rates or changes in financial metrics.

OCF

Operating Cash Flow, which is the cash generated by normal business operations.

Sales Quantity

The total number of units of a product or service sold during a specific period of time.

Operating Leverage

A measure of how sensitive a company's operating income is to its revenue changes, indicating the proportion of fixed versus variable costs.