Dividing the Total Benefit of N Units of an Activity

question 37

Multiple Choice

Dividing the total benefit of N units of an activity by N quantifies the

• A) average benefit.
• B) marginal benefit.
• C) average cost.
• D) units per benefit.
• E) additional benefit.

---

Definitions:

Population Standard Deviation

A measure of the amount of variation or dispersion of a set of values in an entire population.

Sample Size

The number of individual observations or data points collected in a sample for the purpose of statistical analysis.

Standard Error

A measure of the dispersion or variability of a sample statistic from the population parameter, often used in inferential statistics.

Standard Deviation

Standard deviation is a measure of the amount of variation or dispersion of a set of values.