What Is One Drawback of Using the Range as a Measure

question 19

Multiple Choice

What is one drawback of using the range as a measure of variability? ​

• A)It is more difficult to calculate than standard deviation.
• B)It can only be meaningfully interpreted by expert clinicians.
• C)It is only useful in research applications.
• D)It can be significantly influenced by extreme scores.

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Definitions:

Selling Price

The amount for which a product or service is sold to customers, determined by factors such as cost, demand, and competition.

Contribution Margin

The amount of revenue remaining after deducting variable costs, which contributes towards covering fixed costs and generating profit.

Manufacturing Overhead Cost

All indirect costs associated with the production process, including indirect labor, indirect materials, and other overhead expenses not directly tied to the production of specific goods or services.

Produced Units

The total number of units of product completed in a given period of time, often used to evaluate manufacturing efficiency.