Exhibit 10.1 the Following Questions Are Based on the Problem Description and Description

question 22

Multiple Choice

Exhibit 10.1
The following questions are based on the problem description and the output below.
A college admissions officer wants to evaluate graduate school applicants based on their GMAT scores, verbal and quantitative. Students are classified as either successful or not-successful in their graduate studies. The officer has data on 20 current students, ten of whom are doing very well (Group 1) and ten who are not (Group 2) . ​ ​ ​ ​
-Refer to Exhibit 10.1. What is the quantitative test score value of the group centroid for group 1?

• A) 683.8
• B) 654.2
• C) 610.7
• D) 605.7

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Definitions:

Economy of Scale

The cost advantages that enterprises obtain due to their scale of operation, typically resulting in decreased per-unit cost as production increases.

Public Good

A good that is non-excludable and non-rivalrous, meaning it can be used by everyone and one person's use doesn't reduce its availability to others.

Total Damage

The cumulative harm or loss resulting from an action or event, encompassing both material and immaterial impacts.

Market Level

A term denoting the scope or extent of a given market, which can range from local to global, affecting strategies and operations of businesses within.