The Range Is

question 3

Multiple Choice

The range is:

• A)A measure of central tendency.
• B)The most commonly occurring value in a range of values.
• C)The middle value in a range of values.
• D)The minimum and maximum value in a range of data.

---

Definitions:

Degree of Operating Leverage

A financial ratio that measures the sensitivity of a company's operating income to its sales, indicating the percentage change in operating income for a one percent change in sales.

Total Revenue

The total amount of income generated by the sale of goods or services related to the company's primary operations.

Sensitivity Analysis

Sensitivity Analysis is a financial modeling technique that examines how different values of an independent variable affect a particular dependent variable under a given set of assumptions.

Scenario Analysis

A technique used in finance to evaluate possible future events by considering alternative possible outcomes (scenarios).