The Measure of Location That Specifies the Middle Value When

question 19

Multiple Choice

The measure of location that specifies the middle value when the data are arranged from least to greatest is the .

• A) outlier
• B) mean
• C) median
• D) mode

---

Definitions:

Variable Cost

Overheads that move in sync with the volume of manufacturing or sales, covering labor and material costs.

Fixed Costs

Expenses that do not change with the level of production or sales in the short term, such as rent, salaries, and insurance.

Break-even Point

The production level or sales volume at which total costs equal total revenue, resulting in no profit or loss.

Sales Mix

The combination of different products or services that a company sells, significantly influencing overall profitability.