If the Price/unit Were Doubled at the Same Time That

question 50

Multiple Choice

If the price/unit were doubled at the same time that the variable cost/unit doubled,the break-even point would be

• A)unaffected.
• B)doubled.
• C)halved.
• D)increased by a factor of four.
• E)None of the above

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Definitions:

Linear Relationship

A relationship between two variables where the change in one variable is directly proportional to the change in another variable.

Pearson Correlation

A statistical measure that calculates the strength and direction of a linear relationship between two quantitative variables.

Covariance

A measure that indicates the extent to which two variables change together; if the greater values of one variable mainly correspond with the greater values of the other variable, and the same holds for the lesser values.

Reject Null Hypothesis

To conclude, based on statistical analysis, that there is enough evidence to support the alternative hypothesis over the null hypothesis in a study.