A Customer Service Center Keeps Track of the Number of Complaints

question 6

Multiple Choice

A customer service center keeps track of the number of complaints received each
Day about one of their new products. The numbers of complaints received over the last
11 day period are 19, 18, 22, 21, 17, 18, 22, 19, 16, 23, and 25. The IQR for this sample
Of data is

• A) 25.
• B) 22.
• C) 18.
• D) 9.
• E) 4.

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Definitions:

Economic Profit

A measure of profitability calculated as the revenue minus all costs, illustrating surplus beyond the break-even point.

Marginal Cost

The change in total cost required to produce an additional unit of output.

Average Total Cost

Total cost divided by the number of units produced. It is sometimes called per-unit cost.

Long Run

A time period long enough to allow the firm to vary all of its factors of production.