Licuado Juice Company Has Four Product Lines; Orange, Tomato, Carrot

question 12

Multiple Choice

Licuado Juice Company has four product lines; Orange, Tomato, Carrot, and Grape. Shown below is last year's income statement segmented by product line: Net operating income last year for Licuado Company as a whole was $24,800.
-If the Carrot product line would have been dropped at the beginning of last year, how would this have changed the net operating income of Licuado Company as a whole?

• A) $2,400 increase
• B) $3,000 decrease
• C) $5,400 increase
• D) $12,000 decrease

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Definitions:

Statistical Procedures

A set of mathematical techniques used for analyzing numerical data, including summarizing and interpreting the data.

Quantitative Data

Information that can be measured and written down with numbers, often used in statistical analysis to quantify behaviors, attitudes, and other defined variables.

Measures of Dispersion

Mathematical computations that represent the diversity or range within a collection of numerical values.

Range

The difference between the maximum value and minimum value in a data set.