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The Following 10 Scores Were Obtained on a 20-Point Quiz

question 50

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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?


Definitions:

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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