The ______ Is the Middle Value in a Distribution of Scores

question 65

Multiple Choice

The ______ is the middle value in a distribution of scores that are listed in numeric order.

• A) mean
• B) median
• C) mode
• D) range

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Definitions:

Average Variable Cost

The total variable cost divided by the quantity of output, representing the variable cost of producing one additional unit.

Marginal Cost

The financial outlay for making an additional unit of a product or service.

Average Total Cost

The total cost divided by the number of goods produced; it includes all variable and fixed costs.

Average Variable Cost

The total variable cost divided by the quantity of output produced; it varies with production levels.