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The following 10 scores were obtained on a 20-point quiz: 4, 5, 8, 9, 11, 13, 15, 18, 18, and 20. The teacher computed the usual descriptive measures of centre and variability for these data, and then discovered an error was made. One of the 18s should have been a 16. Which pair of the following measures, calculated on the corrected data, would change from the original computation?
Partnership
A sanctioned form of business collaboration among two or more persons who equally participate in managing the business and dividing its profits.
Proprietorship
A type of business entity owned and run by one individual where there is no legal distinction between the owner and the business.
Accounting Records
Documentation and books that keep track of the financial transactions, operations, and condition of a business.
Revenues Recognized
Refers to the income that a company has earned and reported on its financial statements for a specific period, in accordance with accounting principles.
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