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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?
Compound Interest
Interest calculated on the initial principal as well as on the accumulated interest of previous periods of a deposit or loan.
Present Value
The value at present of future cash earnings or accumulations of money, determined by applying a pre-specified rate of financial return.
Current Liability
A company's debts or obligations that are due within one year.
Goods
Physical items that are produced, bought, or sold by businesses in the course of their operations.
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