Consider the Following Data Set: 14, 14, 15, 16, 18

question 104

Multiple Choice

Consider the following data set: 14, 14, 15, 16, 18, 19, 19, 20, 21, 22, 23, 25, 25, 25, 25, and 28. What is the rank assigned to the four observations of value 25?

• A) 12
• B) 12.5
• C) 13
• D) 13.5

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Definitions:

Net Cash

Represents the amount of cash remaining after all cash outflows are subtracted from total cash inflows over a specific period of time.

Operating Activities

Business actions directly related to the production and delivery of goods and services, generating most of a company's revenue and expenses.

Statement Of Cash Flows

A financial report that provides aggregate data regarding all cash inflows a company receives from its ongoing operations, financial investments, and external financing, as well as all cash outflows that pay for business activities and investments during a given period.

Accounts Receivable

Money owed to a company by its customers for goods or services delivered but not yet paid for.