The Sample Data Below Shows the Number of Hours Spent

question 142

Multiple Choice

The sample data below shows the number of hours spent by five students over the weekend to prepare for Monday's Business Statistics exam. 3 12 2 3 5.
The mean and the median of the numbers of hours spent by the five students are _______________.

• A) 2 hours and 5 hours,respectively
• B) 3 hours and 5 hours,respectively
• C) 5 hours and 2 hours,respectively
• D) 5 hours and 3 hours,respectively

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Definitions:

Cost Of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including materials, labor, and manufacturing overhead.

Merchandise Inventory

The total value of goods held by a company for the purpose of resale to customers.

Sales Dollars

This refers to the total amount of revenue generated from the sale of goods or services, expressed in monetary terms.

Finished Goods Inventory

Finished goods awaiting sale that have not been sold yet.