How Might the Variability of Two Distributions Be Compared Assuming

question 5

Multiple Choice

How might the variability of two distributions be compared assuming the means are not similar?

• A) Use the coefficient of variation
• B) Take smaller standard deviation from the larger
• C) Compare the squares of the standard deviations
• D) You cannot compare data sets in this way

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Definitions:

Average Cost

The aggregate expense of manufacturing, when divided by the quantity of items made.

Marginal Costs

The price of generating one more unit of a product or service.

Marginal Productivity

The additional output generated by employing one more unit of a particular resource, while holding other inputs constant.

Returns to Scale

The rate at which production output increases in response to proportional increases in all inputs.