Use the Following Table from a Cluster Analysis to Answer

question 71

Multiple Choice

Use the following table from a cluster analysis to answer the following questions.
Agglomeration Schedule for Centroid Hierarchical Cluster Analysis

-At the point where 7 clusters remain and the centroid distance is 0.617,the Schlitz beer joins which cluster of beers?

• A) Coors and Hamm's
• B) Miller Lite and Schlitz Light
• C) Stroh's Bohemian and Heileman's Old Style
• D) Budweiser and Lowenbrau

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Definitions:

Variable Costs

Expenses that change in proportion to the activity or production level of a business.

Total Fixed Costs

The sum total of costs that are unaffected by changes in production levels or output.

Short-Run

A phase where production can be adjusted only by varying the amounts of variable inputs, with fixed inputs remaining constant.

Level of Output

The total quantity of goods or services produced by a company or economy at a given time.