A trimmed mean may be preferable to a mean when a data set has extreme values.
Answer the following statement true (T) or false (F)
True
Trimming diminishes the effect of outliers.
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What are the two subtotals that distinguish the multi-step income statement from the single-step income statement?
a. Income before taxes and income taxes b. Total operating revenues and total operating expenses c. Income from operations and income before taxes d. Total revenues and total expenses
Everyday business words like ‘headquarters’, ‘heads of department’ reflect the image of organizations as ___________.
a. Hierarchies b. Superior c. Designed d. Barber shops
Shaggy agreed to buy Fred's golf clubs by sending him a letter in the mail accepting Fred's offer. Shaggy did not have any knowledge of Fred revoking his offer before he accepted the offer. Based on these facts, Shaggy's acceptance took effect upon ___________ under the mail-box rule.
a. dispatch b. receipt c. rejection d. revocation
Fred sued Document Security Company, alleging he had suffered injuries to his hands as a result of attempting to fix a jam in one of Document Security's paper shredders. Fred alleged the shredder was defective because it failed to contain warnings regarding the dangers to fingers and hands while attempting to fix jams. In order to succeed, Fred will have to show:
a. all risk of harm could have been reduced or avoided by the provision of reasonable instructions or warnings by Document Security Company. b. paper shredders are inherently dangerous products. c. his injuries would not have occurred but for the absence of the warnings. d. foreseeable risks of harm could have been reduced or avoided by the provision of reasonable instructions or warnings by Document Security Company.