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The_______________ Refers to the Average Length of Time It Takes

question 5

Multiple Choice

The_______________ refers to the average length of time it takes for a retail business to acquire inventory, sell it to its customers and collect the cash owing.


Definitions:

Mode

The value that appears most frequently in a set of data.

Mean

The average of a set of numbers, calculated by dividing the sum of all the numbers by the count of the numbers.

Price Per Gallon

The cost of one gallon of a substance, often used in the context of fuel pricing.

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