There Are Three Children Aged Three,four,and Five in a Room

question 57

Multiple Choice

There are three children aged three,four,and five in a room.If another four-year-old child enters the room,what will happen to the mean and variance?

• A)The mean will stay the same,but the variance will increase.
• B)The mean will stay the same,but the variance will decrease.
• C)The mean and variance will both stay the same.
• D)The mean and variance will both decrease.

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Definitions:

Accrued Expenses

Expenses incurred but not yet paid in cash or recorded.

Common Stock

Shares of ownership in a corporation, giving holders voting rights and a claim on profits in the form of dividends.

Treasury Stock

A corporation’s own stock that has been issued and subsequently reacquired from shareholders by the corporation but not retired.

Investing Activity

Transactions involving the purchase or sale of long-term assets and investments, reflected in the cash flow statement of a company.