-Anna Owns a Dog-Grooming Salon in Brunswick

question 33

Multiple Choice

-Anna owns a dog-grooming salon in Brunswick. The above table has Anna's total product schedule. Anna pays each worker $300 per week and she pays rent of $600 a week for her salon. These are her only costs. When Anna has a staff of 2 workers, her average fixed cost equals

• A) $2,400.
• B) $7.50.
• C) $10.00.
• D) $600.
• E) $6.00.

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Definitions:

Correlation Coefficient

A numerical measure that indicates the extent of a linear relationship between two variables, ranging from -1 to 1.

Best Fitting Line

A line that best represents the relationship between variables in a scatter plot, minimizing the distances of the data points from the line.

Covariance

A statistical measure indicating the extent to which two variables change together.

Distribution

The arrangement or pattern of how data points or values are spread out over a range of values.