What Type of Distribution Would You Call the Following Set

question 45

Multiple Choice

What type of distribution would you call the following set of numbers, in terms of measures of central tendency: 23, 25, 25, 41, 25, 50, 47, 50, 21, 50?

• A) multi-modal
• B) uniform
• C) normal
• D) bimodal

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Definitions:

Fixed Cost

Costs that do not vary with the level of output or production in the short term, such as rent, salaries, and insurance premiums.

Lawn-mowing

The process of cutting grass to a uniform length, typically performed as a maintenance activity for aesthetic and health reasons in gardens and lawns.

Variable Costs

Expenditures that change in direct correlation with the amount of output or production.

Profit-maximizing Output

The level of production at which a firm can achieve the highest possible profit, given its cost structure and the price of its products or services.