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For Questions , use the following narrative
Narrative: Talent and gender
Suppose a talent contest is looking for people who can either sing or act.900 people tried out for the first round of auditions, 300 women and 600 men.Of the men who tried out, 55% of them were allowed to go on to the next round, compared to 42% of the women.However, if you break the data down by singing versus acting auditions, the relationship changes.For acting, 20% of the women made it through, compared to 15% of the men; for singing, 85% of the women made it through, compared to 75% of the men.
-{Talent and gender narrative}What do we call this phenomenon, and how could this have happened?
Fixed Costs
Expenses that do not change with the level of production or sales activities, such as rent, salaries, and insurance.
Normal Operating Range
The range of operational activity levels within which a business or machine can efficiently and effectively operate.
Relevant Range
The range of activity within which the assumptions about fixed and variable cost behaviors hold true for a specific business.
Curvilinear Costs
Costs that change with the level of output or activity in a non-linear relationship, displaying variances in the cost per unit at different production volumes.
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