What Are the Three Tools Used to Assess Variability

question 49

Multiple Choice

What are the three tools used to assess variability?

• A)range,standard deviation,and variance
• B)mean,median,and mode
• C)variance,range,and mean
• D)mean,standard deviation,and skewness

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Definitions:

Direct Expenses

Costs that can be directly attributed to the production of goods or services, such as raw materials and direct labor.

Direct Expense

Costs directly attributable to the production of goods or services, such as materials and labor.

Indirect Expense

Costs that are not directly traceable to a specific product, service, or department, but are necessary for the business to operate.

Total Direct Cost

The sum of all direct costs associated with the production of goods or the provision of services, including direct materials and direct labor.