The date of KSRP's audit report for this audit would be February 5, 20X2.
The reason for this is that the audit report date is the date that the auditor completes the audit procedures and obtains sufficient evidence to support the opinion that will be expressed in the report. In this case, KSRP completed its audit fieldwork on February 5, 20X2, and obtained a representation letter from management, which included very little new information regarding the lawsuit.
Based on all available information at that time, both Delco and KSRP concluded that the probability of a loss due to the lawsuit was remote.
Therefore, KSRP's audit report would be dated February 5, 20X2, even though new information was provided on February 12, 20X2, suggesting that the likelihood of a loss due to the lawsuit was probable. It is important to note that subsequent events, such as the new information regarding the lawsuit, may require the financial statements to be adjusted or disclosed in the footnotes if the information is deemed material to users of the financial statements.
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indicate which products are most likely to be considered as a job and which as a job lot.
The terms "job" and "job lot" are typically used in the context of inventory management and refer to different ways of categorizing products.
A "job" typically refers to a specific product or item that is distinct and unique. It may involve customized or specialized manufacturing processes or have specific customer requirements. Jobs are often produced individually or in small quantities, and they require specific attention and resources. Examples of products that can be considered as jobs include customized machinery, made-to-order furniture business, or tailor-made clothing.
On the other hand, a "job lot" refers to a group or batch of products that are similar and can be produced or sold together. Job lots often involve standard or mass-produced items that are manufactured or sold in larger quantities. Examples of products that can be considered as job lots include standardized components, packaged goods, or wholesale merchandise.
The categorization of a product as a job or job lot depends on its characteristics, production processes, and market demand. Customization, uniqueness, and specific customer requirements are often associated with jobs, while standardization, quantity production, and bulk sales are typical features of job lots.
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A term for physical good that are bought and sold
Answer:
consumer goods
Explanation:
capital goods are the manufactured that are used in making finished products. these finished products are called consumer goods.
The owner of the rapids river rafting company wants to advertise to a broader customer base as a way to increase revenue. Employees are a little resistant to his plan. What is one way he can persuade them that this is a good idea?
Answer:
Document ways diversity played a crucial role for business in the past
Explanation:
River rafting refers to the activity of moving quickly in a small boat along rivers
The owner of the rapids river rafting company wants to advertise to a broader customer base as a way to increase revenue.
But the employees are a little resistant to his plan.
For this document ways, diversity has played a crucial role in business in the past.
So, he can follow such ways.
which two phrases represent the views of globalization? choose two answers. a. a pendulum that swings from one extreme to another b. a competition among key financial centers and markets c. a continuing force sweeping through the world d. an unplanned result of corporate responses to a variety of opportunities e. a trading of goods and services between the most and least regulated countries g
An unplanned result of corporate responses to a variety of opportunities and trading of goods and services between the most and least regulated countries represents two phrases that represent the views of globalization.
The answer is option D and E.
As a result, globalization hastily improved. However, globalization, like a pendulum, is not able to hold stepping in one direction.
Fast globalization in the 1990s and the 2000s observed some full-size backlash. First, the fast increase of globalization brought about the traditionally defective view that globalization is new.
There are 3 forms of globalization.
Economic globalization. Right right here, the focus is on the mixture of international monetary markets and the coordination of financial change. Political globalization. Cultural globalization.Learn more about globalization here: https://brainly.com/question/803618
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Brecken wishes to certify financial statements that materially depart from GAAP. She believes that it is necessary to do so in order to prevent the statements from being misleading in light of a new federal statute, which GAAP has not been amended to accommodate. In order to implement this departure, Brecken should do which of the following:
A. Describe the departure from GAAP.
B. Describe the departure's approximate effects.
C. State the reasons why compliance with GAAP would mislead.
D. All three choices provided.
Answer: D. All three choices provided.
Explanation:
Based on the information given in the question, in order to implement this departure, Brecken should:
• Describe the departure from GAAP.
• Describe the departure's approximate effects.
• State the reasons why compliance with GAAP would mislead.
Therefore, all the choices are correct.
When gathering information using assessments, counselors:a. only use standardized testsb. administer tests in groups rather than on an individual basisc. gather samples of behavior and infer meanings from those behaviorsd. only use instruments published in the Mental Measurements Yearbooks
Counselors C: "gather samples of behavior and infer meanings from those behaviors" when gathering information using assessments.
This includes observing clients' verbal and nonverbal behavior, as well as administering standardized tests and other assessment instruments. While standardized tests are a common tool used by counselors, they may also use other methods such as interviews, self-report measures, and behavioral observations. It is important for counselors to select appropriate assessment methods based on the client's needs and characteristics, and to consider cultural and other contextual factors that may affect the validity and reliability of the assessment results.
Option C is answer.
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how can we apply our knowledge of business plan in our life
Answer:
we can just forget the way our school and family taught us and learn finance and math really well and then start putting everything in practice and then you'll forget that you'll ever need a paycheck and that is how it is
Why should you check the spelling by reading a document even if you used Writer's Spell Check feature? A. The Spell Check dictionary is usually out of date. B. Spell Check won't recognize mistakes you've made when you misspell a word in a way that makes another word. C. Spell Check only checks the first half of a document, so you have to check the rest yourself. D. The Spell Check suggestions are always wrong.
Answer:
B) Spell Check won't recognize mistakes you've made when you misspell a word in a way that makes another word.
Explanation:
review of the nigerian economy
Answer:
amazing
Explanation:
WILL GIVE BRAINLIEST
IS IT A VARIABLE PR FIXED COST?
1. What type of cost is gasoline for a delivery company?
2. I have a nail salon business - I just recently purchased new pedicure chairs, what type of cost is this?
3. Customers love red nail polish, and the salon must purchase more. The nail salon purchases 12 new bottles for their business. the purchase of nail polish is what type of cost?
4. My business is growing - I purchase a second warehouse, what type of cost is this?
Answer:
your answer is 4 .........................
Because an insurance policy is a legal contract, it must conform to the state laws governing contracts which require all of the following elements EXCEPT?
All of the following, with the exception of conditions, are required.
Describe insurance.One party will agree to compensate another in the event of a certain loss, damage, or injury in exchange for a fee in order to safeguard oneself from financial loss. It is a risk management technique that is typically used to guard against the danger of a hypothetical loss that may or may not materialise.
An underwriter, insurer, firm, or carrier is a company that provides insurance. A person or organisation that obtains insurance is known as a policyholder, whereas a person or organisation that the policy protects is known as an insured.
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a family with an income of $25,000 pays taxes of $3,000 per year and a family with an income of $50,000 pays taxes of $4,000 per year. the tax plan is:
The given tax plan is Progressive tax. The tax rate increases as income increases. For example, the tax rate for a family with an income of $25,000 would be 12% (3,000/25,000) and the tax rate for a family with an income of $50,000 would be 8% (4,000/50,000).
This tax plan is called a progressive tax plan because the tax rate increases as income increases. This type of plan is often used to ensure that those with higher incomes pay their fair share of taxes. A progressive tax system helps redistribute wealth and prevent income inequality. This helps support those in need and can stimulate economic growth by allowing people to spend more of their income on goods and services.
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in applying the high-low method, what is the unit variable cost? month miles total cost january 80,000 $144,000 february 50,000 120,000 march 70,000 141,000 april 90,000 195,000
The unit variable cost is $1.875 per mile.
To calculate the unit variable cost using the high-low method, we need to find the difference in total costs and the difference in miles between the high and low points.
High point: April - 90,000 miles, $195,000 total cost
Low point: February - 50,000 miles, $120,000 total cost
Difference in total cost: $195,000 - $120,000 = $75,000
Difference in miles: 90,000 miles - 50,000 miles = 40,000 miles
Now, we can calculate the unit variable cost:
Unit variable cost = Difference in total cost / Difference in miles
Unit variable cost = $75,000 / 40,000 miles
Unit variable cost = $1.875 per mile
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following distance (the distance between the taxi and the lead car) was recorded. The sample mean following distance was 3.50 meters and the sample standard deviation was 1.13 meters. ( )m Interpret the interval. (b) What assumption must be made in order to generalize this confidence interval to the population of all taxi drivers in Greece? We need to assume that taxi drivers used in the study are all drive the same make and model car. We need to assume that taxi drivers used in the study are representative of all taxi drivers in Greece. We need to assume that taxi drivers used in the study are representative of all drivers who have used the simular We need to assume that taxi drivers used in the study are representative of all drivers in Greece. We need to assume that taxi drivers used in the study are all using the same mobile phone.
a) Interpretation of the interval is as follows: There is a 95% chance that the true average following distance of all the taxi drivers in Greece lies between 3.17 meters and 3.83 meters.
The following interval is obtained by using the formula for a confidence interval where the sample mean following distance is 3.50 meters, the sample standard deviation is 1.13 meters, sample size is 100, degrees of freedom (df) is 99, and t (value for 95% confidence interval) is 1.984 (obtained using t-distribution table). Thus, the interval is calculated as follows: $$(\bar{x}-t_{\alpha/2}\frac{s}{\sqrt{n}},\bar{x}+t_{\alpha/2}\frac{s}{\sqrt{n}})$$$$=(3.50-1.984\frac{1.13}{\sqrt{100}},3.50+1.984\frac{1.13}{\sqrt{100}})$$$$=(3.17,3.83)$$b)
The assumption that must be made in order to generalize this confidence interval to the population of all taxi drivers in Greece is that the taxi drivers used in the study are representative of all taxi drivers in Greece. Therefore, option B is correct. It is important to have a random sample of taxi drivers to ensure that the results of the study can be generalized to the population of all taxi drivers in Greece. If the sample is not random and representative, the results of the study cannot be applied to the population and it would not be valid to generalize the findings.
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When governments allow one highly regulated business to control an
essential service, such as water treatment, they create:
A. a public oligopoly.
B. a natural monopoly.
C. restricted competition.
D. monopolistic competition.
The type of Monopoly that occurred when a regulated business is been given control on essential service is B: natural monopoly.
A natural monopoly can be regarded as a kind of monopoly that occurr, as a result of a single firm serving market at lower cost that is even lower than that of combination of two or more firms.It do occur when government give that control to a firm on essential service such as water treatment.
Therefore, option B is correct.
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Answer:
B. a natural monopoly.
Explanation:
An industrial market has developed where circumstances allowed a small number of large firms to dominate most or all of the sales in that industrial market. What would be known as
The answer to this question is that the situation described is known as an oligopoly. An oligopoly is a market structure in which a small number of large firms control the majority of market sales.
It is important to note that oligopolies often arise due to barriers to entry, such as high start-up costs or government regulations. These barriers make it difficult for new competitors to enter the market and compete with the dominant firms. As a result, the market becomes highly concentrated, with only a few firms controlling most of the sales.
Oligopolies can have both positive and negative effects on the economy. On the one hand, they can lead to economies of scale, which can result in lower prices and higher-quality products for consumers. On the other hand, they can also result in higher prices and reduced competition, which can harm consumers and stifle innovation. As a result, governments often regulate oligopolies to ensure that they are not engaging in anti-competitive behavior.
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Explain ONE way in which a job description for the HR clerk’s position could assist the data entry clerk to perform her ‘new’ role effectively
Answer:
Explanation: wea ya moms at
get a job
Dennis determines that a new blinking slinky will cost him $3.50; he adds 20 percent to make the new cost $4.20. This pricing is called cost-plus pricing. (TRUE / FALSE)
The statement is TRUE. Dennis determines that a new blinking slinky will cost him $3.50; he adds 20 percent to make the new cost $4.20. This pricing is called cost-plus pricing.
Cost-plus pricing is also called markup pricing. it's a pricing technique wherein a fixed percent is delivered on top of the value it takes to provide one unit of a product (unit fee). The resulting variety is the promoting fee of the product.
Cost-plus pricing is a pricing approach by way of which the promoting price of a product is decided through adding a particular fixed percent to the product's unit fee. basically, the markup percent is a way of generating a specific desired rate of go back. An opportunity pricing approach is value-based totally pricing.
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Which of the following qualifies as an offensive strategy for companies competing internationally or
1. Launching a localized muti-country strategy to be highly responsive to local market conditions and local buyer preferences
2. Launching a think local, act global competitive strategy
3. Shifting company resources from smaller profit sanctuaries to larger profit sanctuaries
4. Dumping goods at cut-rate prices in the markets of rivals
5. Attacking rival companies with an export strategy
Option 4: Dumping goods at cut-rate prices in the markets of rivals is an offensive strategy for companies competing internationally.
Option 4, dumping goods at cut-rate prices in the markets of rivals, qualifies as an offensive strategy for companies competing internationally. Dumping refers to the practice of selling goods below their production cost or market value to gain a competitive advantage. By doing so, companies can undermine their rivals' market position and capture a larger market share. This strategy is considered offensive because it involves aggressive pricing tactics aimed at weakening competitors and expanding market presence. However, it is important to note that dumping is subject to international trade regulations and can lead to legal consequences if found to be in violation of fair trade practices.
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Machine has three speed settings, low medium fast the low setting produces 110 units with a 90% quality rating the medium setting produces 120 units with an 80% quality rating in the fast setting produces 140 units with a 70% quality rating if each unit sells for $20 what shutting makes the company the most money in sales win percentage not meeting quality standards cannot be sold
The low setting makes the company the most money in sales, with a total revenue of $1980
To determine which setting makes the company the most money, we need to calculate the total revenue generated by each setting while taking into account the quality rating. For the low setting, the company produces 110 units with a 90% quality rating, which means that 10% of the units are not sellable. So, the total number of sellable units is 110 x 0.9 = 99 units. The revenue generated from selling these units is 99 x $20 = $1980. For the medium setting, the company produces 120 units with an 80% quality rating, which means that 20% of the units are not sellable. So, the total number of sellable units is 120 x 0.8 = 96 units. The revenue generated from selling these units is 96 x $20 = $1920.
For the fast setting, the company produces 140 units with a 70% quality rating, which means that 30% of the units are not sellable. So, the total number of sellable units is 140 x 0.7 = 98 units. The revenue generated from selling these units is 98 x $20 = $1960.
Therefore, the low setting makes the company the most money in sales, with a total revenue of $1980
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Herm promises to pay Nixie to work as an assistant buyer for his Organic Foods stores. Nixie agrees and quits her job with Pic-U Grocery, but Herm does not hire her. Herm is most likely liable to Nixie under
Answer:
the job that he works at
Explanation:
he quit
Herm is most likely liable to Nixie under the doctrine of promissory estoppel.
What are Organic Foods?The manner agricultural products are cultivated and processed is referred to as "organic." While rules differ from nation to nation, in the United States, organic crops must be grown without the use of synthetic fertilizers, pesticides, herbicides, or fertilizers, as well as without the use of bioengineered genes.
Produce can be referred to as organic if it was grown on soil without any prohibited substances applied for three years prior to harvest, according to certification. The majority of synthetic fertilizers and insecticides are prohibited substances.
Produce grown organically uses fewer pesticides. In conventional agriculture, synthetic fungicides, herbicides, and insecticides are frequently utilized, and their residues stay on (and in) the food we eat.
Hence, Herm is most likely liable to Nixie under the doctrine of promissory estoppel.
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1: "How did Great Buy handle the return?" asks Sam.
"They promptly sent us two replacement monitors on October 10, as soon
as we returned the damaged ones," Monique replies. "And on October 28,
they sent us an invoice for the entire order. We paid them with a check that
same day."
Monique shows Sam the invoice from Great Buy, which reflects the two
replacement monitors that Berthold's received after returning the damaged
ones and asks him to process it for payment.
DESCRIPTION
Computer monitors (original order, $350 x 8)
Computer monitors (replacements, $350 x 2)
TOTAL:
AMOUNT
8 of 12
$2,800
$700
$3,500
What information would be recorded in the Accounts Payable ledger, which
had a previous balance of $2,800?
The resulting balance in the Accounts Payable ledger after these transactions would be a credit balance of $300 (i.e., $2,800 credit balance - $700 debit + $3,500 credit).
Why it is?
Based on the information provided, the following transactions would be recorded in the Accounts Payable ledger:
A credit entry for the original order of 8 computer monitors for $2,800, which was the previous balance in the ledger.
A debit entry for the two replacement monitors received on October 10, for a total of $700.
A credit entry for the payment made by Berthold's with a check on October 28, for the total amount due of $3,500.
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It is a beautiful afternoon, and you are considering taking a leisurely stroll through the park. Your alternatives to walking are streaming a movie that you value at $5, taking a nap that you value at $7, or reading a new book that you value at $12. What is the opportunity cost to you of taking the stroll through the park?
$0
$7
$5
$12
Answer:
$12
Explanation:
The next best alternative is reading a new book at $12; therefore, the opportunity cost of taking the stroll through the park is $12.
In this case, steaming the movie is $5 and taking a nap is $7 which are lower than $12 which means these two values are not included in the final opportunity cost.
If the question asked what is the opportunity cost of reading a new book (and taking a walk in the park isn't an option) then the $7 value of taking a nap would be the opportunity as it will be the next best thing from reading a new book.
The opportunity cost to you of taking the stroll through the park is $12 Option(d) is correct.
What is the Opportunity cost in the question?The following best option is perusing another book at $12; in this manner, the opportunity cost of going for the walk through the park is $12.
For this situation, steaming the film is $5 and sleeping is $7 which are lower than $12 which implies these two qualities are excluded from the last opportunity cost.
On the off chance that the inquiry posed to what is the opportunity cost of perusing another book (and going for a stroll in the park isn't a choice) then the $7 benefit of sleeping would be the opportunity as it will be the following best thing from perusing another book.
Penance is a given estimation in opportunity cost of which the chief does without the opportunity of the following best other option. All in all, to dismiss the same utility of the best elective decision to acquire the utility of the best seen choice. On the off chance that there are choices to be made that require no penance, these are cost free choices with zero opportunity cost.
Therefore Option(d) is correct.
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what is the decision making process
Answer:
Decision making is the process of making choices by identifying a decision, gathering information, and assessing alternative resolutions. Using a step-by-step decision-making process can help you make more deliberate, thoughtful decisions by organizing relevant information and defining alternatives.
There are actually five steps in the process the five steps are:
There are 5 steps in a consumer decision making process a need or a want is recognized, search process, comparison, product or service selection, and evaluation of decision. Most decision making starts with some sort of problem.
Explanation:
Hope this helps: D
- Lea
Brainliest pleae: P
Jones walked into a new car lot, pointed to a specific car, and said, "I'll take that one." Sam, the operator of the car lot, explained that there was a certain amount of pre-delivery preparation that had to take place before the car could be delivered, and that it would be ready for the purchaser two days later. It was agreed that the purchase price would be paid at that time. Explain who bears the risk in the meantime, and why.
The answer is the purchaser bears the risk in the meantime, and the explanation is that the risk of loss passes from the seller to the purchaser at the time when the seller delivers the goods to the purchaser.
What is a risk in sales?Risk in sales refers to the possibility of loss or harm occurring from an event. When a good is bought or sold, a risk of loss exists. The risk of loss is the possibility that an item will be destroyed or damaged before the buyer receives it, resulting in a loss to the buyer or seller. In some circumstances, such as when a sales contract specifies otherwise, the risk of loss remains with the seller until the purchaser takes possession of the goods. However, in most situations, the risk of loss transfers to the purchaser as soon as the seller delivers the goods. When Jones walks into the car lot and points out a car, the risk of loss will be transferred to Jones as soon as Sam delivers the vehicle. Therefore, it is the purchaser who bears the risk in the meantime.
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Applications of Hawthorn Effect in dry cleaning business
The Hawthorne effect, derived from the famous Hawthorne experiments, refers to the phenomenon where individuals modify their behavior or performance simply because they are being observed.
In the context of a dry cleaning business, leveraging the Hawthorne effect can lead to several benefits. By openly observing and acknowledging the efforts of employees, such as through performance feedback and recognition programs, can motivate them to consistently provide high-quality service.
Additionally, creating an environment where customers feel observed and attended to can enhance their satisfaction and loyalty. Overall, applying the Hawthorne effect can help improve employee engagement, customer experience, and ultimately, the success of the dry cleaning business.
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Functions of marketing
Answer:
There are seven widely accepted marketing functions that contribute to the overall work of marketers. The seven functions include: Promotion. Selling. Product management. Pricing. Marketing information management. Financing. Distribution. Why are the seven marketing functions important? The seven marketing functions are important since each of them represents a category of activities that occurs in marketing.
Explanation:
Important Functions of Marketing :
1. Gathering and Analysing Market Information: ...
2. Marketing Planning: ...
3. Product Designing and Development: ...
4. Standardisation and Grading: ...
5. Packaging and Labelling: ...
6. Branding: ...
7. Customer Support Service: ...
8. Pricing of Products:
How can formal business documents help managers solve problems?
A. By presenting well-organized, accurate information about a
problem
B. By creating a record of every action taken during a meeting
C. By eliminating the need for schedules and budgets to track
progress
D. By making decisions so the managers do not have to handle them
Answer:
A By presenting well organized, accurate information about a problem
10)
How might a mission statement help Donna with her new
business?
A mission statement can help Donna with her new business by providing clarity and direction for her venture. It serves as a guiding statement that outlines the purpose, values, and goals of the business.
It helps Donna align her decisions, actions, and strategies with the overall mission, facilitating focus and consistency in her business operations. A mission statement is a concise statement that articulates the purpose and core values of a business. It outlines what the business aims to achieve and how it intends to operate. For Donna, having a mission statement for her new business can provide several benefits.
Firstly, it helps Donna define the purpose and direction of her business. It clarifies the reason for starting the business and what it aims to accomplish, providing a sense of focus and clarity.
Secondly, a mission statement helps Donna communicate her business's values and principles to stakeholders, including employees, customers, and investors. It sets the foundation for building a strong company culture and aligning everyone's efforts toward a common goal.
Lastly, a mission statement can serve as a guide for decision-making and strategy development. When faced with choices or challenges, Donna can refer to her mission statement to ensure that her actions align with the overall purpose and values of her business.
A mission statement plays a crucial role in helping Donna with her new business by providing clarity, guiding decision-making, and aligning stakeholders toward a common vision.
In conclusion, a mission statement can significantly benefit Donna in her new business. It provides clarity and direction, communicates values to stakeholders, and guides decision-making and strategy development. By establishing a mission statement, Donna can effectively define her business's purpose and goals, foster a strong company culture, and make informed decisions that align with her business's overall mission. This helps create a solid foundation for success and growth in her new venture.
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The accompanying data represent the weights (in grams) of a simple random sample of M&M plain candies. Determine the shape of the distribution of weights of M&Ms by drawing a frequency histogram. Find the mean and median. Which measure of central tendency better describes the weight of a plain M&M?
The shape of the distribution of weights of M&M plain candies can be determined by drawing a frequency histogram. The mean and median can then be calculated to describe the central tendency.
To determine the shape of the distribution, we can create a frequency histogram using the given weights of the M&M plain candies. The histogram will display the frequency of weights within certain intervals. By examining the shape of the histogram, we can infer the shape of the distribution. Once the histogram is drawn, we can calculate the mean and median to describe the central tendency of the weights. The mean is the average weight, obtained by summing all the weights and dividing by the number of candies. The median is the middle value when the weights are arranged in ascending order.
Based on the histogram and the calculated mean and median, we can determine which measure of central tendency better describes the weight of a plain M&M. If the distribution is symmetrical and bell-shaped, the mean and median will be close to each other, and either measure can be used to describe the central tendency. However, if the distribution is skewed or contains outliers, the median is a more robust measure that is less affected by extreme values. Therefore, the measure of central tendency that better describes the weight of a plain M&M depends on the shape of the distribution and the presence of outliers or skewness.
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