Examlex
Statistical skills can play an important role in nursing because they help nurses to:
Variable Costs
Costs that vary directly with the level of production or sales volume, such as materials and labor used in the production process.
Total Costs
The sum of all costs incurred by a business in producing goods or services, including both fixed and variable costs.
Units
A measure of quantity used to quantify the amount of production output, inventory, or sales.
Variable Costs
Expenses that change in proportion to the production or sales figures.
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