The Standard Deviation of a Sample of 100 Observations Equals

question 70

Multiple Choice

The standard deviation of a sample of 100 observations equals 64. The variance of the sample equals

• A)8
• B)10
• C)6400
• D)4,096

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Definitions:

Total Revenues

The overall income generated by a firm or economy from its business activities, including sales of goods and services, before any expenses are deducted.

Marginal Returns

The additional output that is produced by using one more unit of a variable resource, keeping all other inputs constant.

Nonlabor Resources

are inputs in the production process that are not related to work or effort by employees, such as capital, land, and materials.

Diminishing

Refers to the principle where increasing one input, while holding others constant, will eventually yield lower per-unit returns.