The Weekly Sales from a Sample of 10 Computer Stores

question 112

Short Answer

The weekly sales from a sample of 10 computer stores yielded a mean of $25,900, a median of $25,000, and a mode of $24,500. Given this, the shape of the distribution would be _________.

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Definitions:

Profitability

A financial metric used to assess the ability of a business to generate earnings relative to its revenue, assets, equity, or other financial metrics.

Liquidity

How effortlessly an asset can be turned into cash without altering its market price.

Periodic Inventory System

An inventory accounting system where the inventory level is updated and the cost of goods sold is calculated at the end of a period, rather than after each sale.

Purchases Account

An account used in accounting to record the total cost of goods bought for resale during an accounting period.