The difference between the largest and the smallest data values is the __________

Fill in the blank(s) with correct word


range

RATIONALE: The simplest measure of variability is the range. The range can be found by subtracting the smallest value from the largest value in a data set.

Business

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The question, "What type of hotel do you usually stay in when on a trip?" violates which of the "do's" of question wording?

A) focused B) simple C) brief D) crystal clear E) overstatement

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A ________ creates a long-term relationship in which the supplier promises to resupply the buyer as needed at agreed prices for a set time period

A) blanket contract B) request for proposal C) supplier proposal D) change order E) noncompete clause

Business

Jones Corporation provides services to a customer on June 17, but the customer does not pay for the services until August 12. According to the revenue recognition principle, Jones Corporation should record the revenue on August 12.

Answer the following statement true (T) or false (F)

Business

Why do companies develop estimates for overhead costs? How are estimates developed?

Business