In a Histogram, What May One Conclude About the Proportion

question 165

Multiple Choice

In a histogram, what may one conclude about the proportion of the total area that must be to the left of the median?

• A) It is exactly 0.50.
• B) It is less than 0.50 if the distribution is skewed to the left.
• C) It is more than 0.50 if the distribution is skewed to the right.
• D) It is between 0.25 and 0.75 if the distribution is symmetric.

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Definitions:

Ending Inventory

The worth of merchandise on hand for purchase at the conclusion of a financial period.

Equivalent Units

Equivalent units are a calculation in process costing that converts partially completed units into a number of equivalent fully completed units.

Weighted-Average Method

A cost flow assumption used in inventory valuation and process costing that smooths out price variations by averaging the costs.

Materials

The physical components used in the production of goods, including both raw inputs and manufactured parts.