Exam Scores in a Random Sample of Students Were 0

question 59

Multiple Choice

Exam scores in a random sample of students were 0, 50, 50, 70, 70, 80, 90, 90, 90, 100. Which statement is incorrect?

• A)The standard deviation is 29.61.
• B)The data are slightly left-skewed.
• C)The midrange and mean are almost the same.
• D)The third quartile is 90.

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Definitions:

Net Credit Sales

The total amount of sales made on credit minus returns and allowances, representing actual sales revenue.

Matching Concept

An accounting principle that dictates expenses should be matched with the revenues they help to generate within the same accounting period.

Clearinghouse Collection Fee

A charge levied by a clearinghouse for handling the processing and settlement of transactions between financial institutions.

Credit Card Sales

Transactions in which customers use credit cards to pay for goods or services, creating a receivable for the seller until payment is processed by the card issuer.