Consider the Following Stem-And-Leaf Diagram

question 72

Multiple Choice

Consider the following stem-and-leaf diagram. Which of the following statements is correct?

• A) There are a total of 10 data values in this data set.
• B) The data value that occurs most often is 50.
• C) This largest data value is 59.
• D) The range 50-59 contains the most values.

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Definitions:

Cash Basis

An accounting method where revenues and expenses are recorded only when cash is received or paid, regardless of when the transactions occurred.

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including the cost of the materials and labor used in creating the good.

Direct Method

A cash flow statement presentation method that shows actual cash inflows and outflows from operating activities, as opposed to the indirect method which starts with net income and adjusts for non-cash transactions.

Cash Basis

A financial recording strategy that logs earnings and expenditures upon the actual receipt or payment of money, as opposed to when they are earned or incurred.