In Computing Descriptive Statistics from Grouped Data

question 57

Multiple Choice

In computing descriptive statistics from grouped data,

• A)data values are treated as if they occur at the midpoint of a class
• B)the grouped data result is more accurate than the ungrouped result
• C)the grouped data computations are used only when a population is being analyzed
• D)All of these answers are correct.

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Definitions:

Financing Activities

Transactions and events where cash flow comes into the company to help in financing its operations or to fund the expansion of its business.

Investing Activities

Transactions involving the purchase and sale of long-term assets and other investments not included in cash equivalents.

Accounts Receivable

The amount due to an enterprise by its clients for delivered goods or services awaiting payment.

ACP

Average Collection Period, a metric indicating the average number of days it takes for a company to receive payments owed by its customers.