(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.

---

Definitions:

Activity Variances

Differences between budgeted amounts and actual amounts incurred due to variations in the level of activity or performance.

Activity Measure

A metric used to gauge the amount of activity or volume, often used in the allocation of overhead costs to products based on their consumption of resources.

Customers Served

The number of customers who receive service from a business within a specified period, indicating the reach or impact of the business's operations.

Activity Variances

The difference between the budgeted costs based on standard activity levels and the actual costs incurred, related to specific business activities.