What Is the Variance for the Following Set of Scores

question 4

Multiple Choice

What is the variance for the following set of scores: 20,24,26,22,18,16,18?

• A)12.95
• B)3.60
• C)6.55
• D)24

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Definitions:

Production Function

A production function describes the relationship between inputs used in production and the output generated from those inputs.

Marginal Product

The additional output gained by adding one more unit of a specific input, keeping all other inputs constant.

Profitability

A measure of the ability of a company or a business sector to generate earnings compared to its expenses and other relevant costs incurred during a specific period of time.

Employment

The state of having paid work, being engaged in an occupation or job.