The Mathematics of Money

LIFO 595 / Perpetual versus Periodic Inventory Valuation 596

Calculating Cost of Goods Sold Based on Inventory 597 / Valuing

Inventory at Retail 598 / Cost Basis 598

Summary 604

16 Business Statistics 608

16.1 Charts and Graphs 608 / Pie Charts 609 / Bar Charts 610

Line Graphs 612 / Other Charts and Graphs 613 / 16.2 Measures of

Average 616 / Mean and Median 617 / Weighted Averages 618

Indexes 620 / Expected Frequency and Expected Value 622

16.3 Measures of Variation 626 / Measures of Variation 627

Interpreting Standard Deviation 629

Summary 635

Appendixes

A Answers to Odd-Numbered Exercises 637

B The Metric System 655

Index 657

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