SCENARIO 2-2 2-2 Organizing and Visualizing Variables

question 111

Multiple Choice

SCENARIO 2-2
2-2 Organizing and Visualizing Variables
At a meeting of information systems officers for regional offices of a national company,a survey was taken to determine the number of employees the officers supervise in the operation of their departments,where X is the number of employees overseen by each information systems officer.

-The width of each bar in a histogram corresponds to the

• A)differences between the boundaries of the class.
• B)number of observations in each class.
• C)midpoint of each class.
• D)percentage of observations in each class.

---

Definitions:

Alternative Use

The value or potential benefit that is foregone as a result of using an asset or resource in a particular way instead of another possible way.

Sunk Costs

are past expenses that have already been incurred and cannot be recovered or changed, and thus should not affect future business decisions.

Avoidable Costs

Expenses that can be eliminated if a particular decision is made, not incurred in the absence of the decision.

Fixed Costs

Fixed costs are those expenses that do not change in total despite changes in the volume of goods or services produced or sold.