Marginal Analysis

question 8

Multiple Choice

Marginal analysis:

• A)refers to decisions about whether or not to engage in a particular activity.
• B)is primarily used when making an either-or choice.
• C)is used primarily when deciding how much of an activity should be done.
• D)does not help when making a "how much" choice.

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Definitions:

Cafeteria Dissatisfaction

Reflects displeasure or unhappiness with the services, food quality, or overall experience of dining in a cafeteria setting.

Scatter Diagram

A graphical representation used to visualize the relationship between two quantitative variables, helping to identify any correlations.

Pareto Diagram

A graphical representation that identifies and prioritizes problems or causes of a particular event based on their significance, often used in quality control.

Scatter Diagram

A graphical representation used in statistics to show the relationship between two variables, using dots to represent data points.