Which of the Following Provides a Measure of Central Location

question 57

Multiple Choice

Which of the following provides a measure of central location for the data?

• A)standard deviation
• B)mean
• C)variance
• D)range

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Definitions:

Direct Labor Cost

Direct labor cost refers to the expense associated with employees who are directly involved in the production of goods or services, such as wages for assembly line workers.

Cell Phone Manufacturer

A company that designs, produces, and sells mobile phones and related accessories.

Direct Materials Cost

The expense incurred for raw materials that are directly involved in the manufacturing process of a product.

Automobile Manufacturer

A company engaged in the design, production, marketing, and sales of motor vehicles.