The Standard Deviation S Is a Useful Measure of a Characteristic

question 118

Multiple Choice

The standard deviation s is a useful measure of a characteristic of a distribution of data values.Which of the following statements about s is FALSE?

• A)The standard deviation measures the spread of the data around the mean.
• B)The standard deviation is appropriate as a measure of spread when the mean is chosen as the measure of center.
• C)The standard deviation can never be zero.
• D)The standard deviation is not resistant;a few outliers can make s very large.
• E)As the data values become more spread out about their mean,s becomes larger.

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Definitions:

Equivalent Units

A metric used in cost accounting to express the amount of work done by manufacturers who have partially completed units on hand at the end of an accounting period.

Work in Process-Assembly Department

Inventory account that tracks the cost of partially completed goods that are still in the production process in the assembly department.

Equivalent Unit

A concept used in cost accounting to represent a portion of work done on a product, quantified in terms of fully completed units.

First-In, First-Out

An accounting method where the first items added to inventory are the first ones to be sold or removed, particularly relevant for cost calculation.