The following cost data are for a firm in the short run. 
What is the firm's average variable cost at an output of 5 units?
Definitions:
Null Hypothesis
A default hypothesis that there is no difference or effect, used as a starting point for statistical testing.
Experimental Error
The variability in data that cannot be attributed to the variables being studied, often resulting from unknown or uncontrollable factors.
Null Hypothesis
A hypothesis that suggests there is no statistical significance in a set of given observations, indicating no effect or relationship.
Obtained Value
The actual value measured or calculated in an experiment or analysis, often compared against a theoretical value or critical value.
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