The Variance of the Sample Consisting of the Values 2,4,6,8,10

question 49

Multiple Choice

The variance of the sample consisting of the values 2,4,6,8,10 is

• A) 6
• B) 8
• C) 10
• D) 12

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Definitions:

Marginal-Cost Curve

A graph that displays the cost of producing one additional unit of a good or service.

Average-Total-Cost Curve

A graph that displays the mean total cost of manufacturing across various output quantities, generally characterized by a U-shape because of the effects of economies and diseconomies of scale.

Long-Run Time Period

A duration in economics where all factors of production and costs are variable, allowing for complete adjustment.

Economies Of Scale

The economical benefits that businesses gain from their operation size, typically resulting in lower costs per unit of output as the scale expands.