What Is the Size of the Class Interval in a Distribution

question 27

Multiple Choice

What is the size of the class interval in a distribution of 50 scores with 10 intervals?

• A)50
• B)25
• C)10
• D)5

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Definitions:

Total Cost

The complete cost of production, including both fixed and variable costs, incurred by a firm in producing and selling a quantity of a good or service.

Variable Cost

Expenses that vary in relation to the amount of products or services a company generates.

Fixed Cost

Costs that do not change with the level of production or sales, such as rent, salaries, and loan repayments.

Economies of Scale

The cost advantages that a business can exploit by expanding their scale of production, leading to a lower cost per unit.