"A Total of 74% of the Respondents Used a Credit

question 89

True/False

"A total of 74% of the respondents used a credit card in the past month," can be described as a descriptive measure of central tendency for metric data.

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Definitions:

Variable Cost

Costs that vary directly with the level of production or business activity, such as materials and labor.

Variable Cost

Costs that change in proportion to the level of goods or services a company produces.

Fixed Costs

Fixed costs are business expenses that remain constant regardless of the level of production or sales, such as rent, salaries, and insurance.