Nicole Has Created a Table That Summarizes the Number of Times

question 14

Multiple Choice

Nicole has created a table that summarizes the number of times a particular value of a variable occurs.Nicole has created a ____ distribution.

• A)parameter
• B)normal
• C)frequency
• D)probability

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Definitions:

Cost Structure

This refers to the types and relative proportions of fixed and variable costs that a business incurs.

Fixed Costs

are business expenses that remain the same regardless of the level of output or sales, such as rent, salaries, and loan payments.

Variable Costs

Costs that vary directly with the level of production output, including expenses like labor and material costs.

Operating Leverage

A financial ratio that measures the degree to which a company can increase operating income by increasing revenue, highlighting the impact of fixed costs.