Below Is a Frequency Table Showing the Number of New

question 25

Multiple Choice

Below is a frequency table showing the number of new restaurants opened in the city over the past 24 months.Compute the mean number of openings per month over this 24-month period.

• A).97
• B)1.29
• C)1.06
• D)1.61
• E)1.74

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Definitions:

Variable Costs

Costs that change in proportion to the level of activity or production volume, such as raw materials and direct labor costs.

Fixed Costs

Expenses that do not change in proportion to the activity of a business.

Net Income

Net income is the total earnings of a company after all expenses and taxes have been deducted from revenues, indicating the company's profitability over a specific period.

Sales

The total amount of money received by a company for goods or services sold during a certain time period.