The _____ Is a Measure of Variability That Is Computed

question 63

Multiple Choice

The _____ is a measure of variability that is computed by subtracting the lowest score in the distribution from the highest score.

• A)standard deviation
• B)mode
• C)median
• D)range

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Definitions:

Bonuses

Extra payments given to employees above their normal compensation as a reward for performance or achievement.

Fringe Benefits

Additional benefits offered to employees beyond salaries and wages, including health insurance, retirement plans, and paid vacation.

Nominal Wage

The amount of money paid to an employee before adjustments for inflation, often expressed as an hourly or annual figure.

Price Index

A measure that examines the weighted average of prices of a basket of consumer goods and services over time.