A Measure of Central Tendency of a Distribution Is Most

question 40

Multiple Choice

A measure of central tendency of a distribution is most representative of individual scores when there is variability among the scores.

• A)little
• B)moderate
• C)much
• D)normal

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Definitions:

Quoting Prices

The action of providing a prospective customer with a price at which a seller agrees to sell goods or services.

Excess Capacity

The situation where a company's production facilities are capable of producing more than the demand for its products.

Variable Costs

Expenses that vary directly with the level of production or sales volume, such as raw materials and direct labor.

Fixed Costs

Expenses that do not change with the level of production or sales, such as rent or salaries.