Examlex
Which of the following provides only a rough indication of the degree of variation among a set of scores?
Opportunity Cost
The benefit that is missed or given up when choosing one alternative over another.
Hour
A unit of time equal to 60 minutes.
Opportunity Cost
Skipping over the possibility of gain from multiple options by deciding on a single one.
Opportunity Cost
The cost of choosing one option over alternative uses of resources or opportunities.
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