The First Day of Class,the Professor Collects Information on Each

question 13

Multiple Choice

The first day of class,the Professor collects information on each student to make a data set that will be analyzed throughout the semester.The information asked includes;hometown,GPA,number of classes taking,number of siblings,and favorite subject.How many quantitative variables are in this data set?

• A)1
• B)2
• C)3
• D)5

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Definitions:

Inventory Cost Formula

A method utilized for valuing the cost of goods sold and ending inventory, often using techniques such as First-In, First-Out (FIFO) or Last-In, First-Out (LIFO).

Cumulative Cost

The total cost accumulated for a project or an activity over a period of time.

FIFO

First-In, First-Out, an inventory valuation method where goods purchased or produced first are sold first.

Physical Movement

The actual transfer or change in location of goods, which can be relevant in the management of inventory and supply chains.