Refer to the Table Shown A) $2
B) $3

question 30

Multiple Choice

Refer to the table shown. The average variable cost of producing 5 units of output is: $\begin{array}{|c|c|}\hline \text { Units of output } & \text { Total cost } \\\hline 0 & 5 \\\hline 1 & 11 \\\hline 2 & 16 \\\hline 3 & 20 \\\hline 4 & 23 \\\hline 5 & 25 \\\hline 6 & 26 \\\hline\end{array}$

• A) $2.
• B) $3.
• C) $4.
• D) $5.

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Definitions:

Standard Deviation

A measure of the amount of variation or dispersion in a set of values, indicating how much the individual values differ from the mean of the values.

Newborn Infant

A very young baby, typically defined as being less than one month old.

Z-Score

A numerical indicator that represents how a specific value compares to the average of a set of values, expressed through the number of standard deviations away from this average.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, indicating how much the values deviate from the mean of the set.