What Are the Values for SS and Variance for the Following

question 67

Multiple Choice

What are the values for SS and variance for the following sample of n = 4 scores? Sample: 1,1,0,4

• A)SS = 9 and variance = 3
• B)SS = 9 and variance = 2.25
• C)SS = 18 and variance = 6
• D)SS = 18 and variance = 9

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Definitions:

Marginal Revenue Product

The supplementary revenue created by the addition of one unit of a production input.

Product Price

The amount of money charged for a product or service, determined by cost, demand, and supply factors.

Labor

The exertion of both mental and physical capabilities towards the creation of products and services.

Marginal Revenue Product

Extra profits generated by incorporating another unit of a production element.