What Is the Difference Between Analysis of Relative Location and the Empirical

question 85

Multiple Choice

What is the difference between Analysis of Relative Location and the empirical rule?

• A) The empirical rule applies to all data sets,whether their distributions are symmetric and bell-shaped or not.
• B) Chebyshev's theorem applies to all data sets except those that have approximately a symmetric and bell-shaped distribution.
• C) The empirical rule applies to all data sets,whereas Chebyshev's theorem is appropriate when the data have approximately a symmetric and bell-shaped distribution.
• D) Chebyshev's theorem applies to all data sets,whereas the empirical rule is only appropriate when the data have approximately a symmetric and bell-shaped distribution.

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Definitions:

Reciprocal Method

An accounting technique used in managerial accounting to allocate costs between support departments, taking into account the mutual services they provide to each other.

Sequential Method

An approach to cost allocation in which support department costs are allocated to other support and operating departments sequentially, one after another, based on a predetermined order.

Reciprocal Services

Services exchanged between departments within an organization, used in cost accounting to allocate service department costs to producing departments.

Reciprocal Services

Services exchanged between departments within an organization or between companies without direct monetary payment, often valued and accounted for through internal mechanisms.