The Basic Measure of the Variability of a Distribution Is

question 21

Multiple Choice

The basic measure of the variability of a distribution is the .

• A)correlation
• B)standard deviation
• C)normal curve
• D)mean

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Definitions:

Economies Of Scope

Cost advantages that a business obtains through a variety of products rather than specializing in a single product.

Synergy

The concept that the value and performance of two companies combined will be greater than the sum of the separate individual parts.

Cost Complementarity

Occurs when the cost of producing one good decreases with the increase in production of another good, showing a synergy between the production processes of two goods.

Diseconomies Of Scope

The phenomenon where the cost of producing two or more products together is higher than producing them separately.