The Excel Formula for the Standard Deviation of a Sample

question 102

Multiple Choice

The Excel formula for the standard deviation of a sample array named Data is:

• A)=STDEV.S(Data).
• B)=STANDEV(Data).
• C)=STDEV.P(Data).
• D)=SUM(Data)/(COUNT(Data)-1).

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Definitions:

Inventory Costing

The method used to value inventory, including approaches like Last In, First Out (LIFO), First In, First Out (FIFO), and Weighted Average Cost.

Accounting Principles

The rules and guidelines that companies must follow when reporting financial data.

Consequences

Refers to the outcomes, effects, or results that follow from specific actions, decisions, or conditions.

Dollar-Value LIFO

An inflation-adjusted LIFO method that groups inventory into pools based on dollar value rather than physical units, protecting against inflationary effects.