The Value of the Sum of the Squared Deviations from the Mean

question 117

Multiple Choice

The value of the sum of the squared deviations from the mean, i.e., must always be

• A)less than the mean
• B)negative
• C)either positive or negative depending on whether the mean is negative or positive
• D)at least zero

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Definitions:

Accumulated Depreciation

The total amount of an asset's cost that has been allocated as depreciation expense since the asset was put into use.

Contra-Asset Account

An account shown on the balance sheet that reduces the value of a related asset, used for accumulated depreciation or allowances for doubtful accounts.

Depreciation Schedule

A table detailing the periodic depreciation expense of an asset over its useful life.

Worksheet

A document that accountants use for planning and preparing adjustments, showing the results of those adjustments before preparing financial statements.