The Relative Frequency Table Below Shows the Closing Share Price

question 26

Multiple Choice

The relative frequency table below shows the closing share price changes for the 100 most actively traded NASDAQ stocks yesterday.Use the grouped data table to approximate the variance for the data represented.

• A).78
• B).301
• C).133
• D).421
• E).55

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Definitions:

Variable Costs

Expenses that vary directly with the level of production or volume of output.

Snow-clearing

The process of removing snow from surfaces, like roads and walkways, to make them accessible and safe.

Perfectly Competitive

A market structure characterized by many buyers and sellers, all of whom have complete information and the products offered are homogeneous.

Marginal Cost

is the extra cost incurred by producing one more unit of a product or service.