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SCENARIO 3-7
In a recent academic year,many public universities in the United States raised tuition and fees due to a decrease in state subsidies.The change in the cost of tuition,a shared dormitory room,and the most popular meal plan from the previous academic year for a sample of 10 public universities were as follows: $1,589,$593,$1,223,$869,$423,$1,720,$708,$1425,$922 and $308.
-Referring to Scenario 3-7,are the data skewed? If so,how?
Turnover
The total sales made by a business in a specific period, or the rate at which employees leave and are replaced within a company.
Return On Investment (ROI)
A financial metric used to evaluate the efficiency of an investment, calculated by dividing the benefit (return) of an investment by its cost.
Net Operating Income
The total earnings generated from a company's operations, excluding taxes and interest.
Investment Opportunity
A situation or option through which an investor can potentially increase their wealth by allocating resources in a way that generates returns.
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