Answer:
the standard deviation should also increase by 5%
Explanation:
If all the wages had increased by a fixed amount, then the mean would have increased by a fixed amount and the standard deviation would remain the same. e.g. data = 2,4,6 with a mean of 4 and a standard deviation of 1.33. If you add 4 to all the numbers: 6,8,10, you get a new mean of 8, but the standard deviation remains at 1.33
But if you increase all the wages by 5%, some wages will increase a little (the lowest) and others will increase a lot (the highest). If the same set of numbers is increased by 50%: 3,6,9 with a mean of 6 (mean increased by 50%) and a standard deviation of (|3 - 6| + |6 - 6| + |9 - 6|) / 3 = (3 + 0 + 3) / 3 = 2, which is 50% higher
Answer:
total revenue
Explanation:
Total revenue is the total amount of money that a firm makes from selling it's products. Net revenue is total revenue minus product costs.
1) Trump wants to create a wall between the USA and Mexico, whereas Obama doesn't.
I hope this helps! :)
Answer:
2) Matching
Explanation:
The matching principle refers to that principle at which the revenues that are recognized in the particular year should be matched with the expenses that are incurred in that particular year
According to the given scenario, it talks about the matching principle at which the expenses are to be reported when the related revenue is recognized
Therefore, it follows the matching principle.