The First Argument of the AVERAGEIFS Function Is ________

question 20

Multiple Choice

The first argument of the AVERAGEIFS function is ________.

• A)average_range
• B)criteria_range
• C)criteria
• D)logical_test

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Definitions:

Average Costs

Average costs refer to the total costs of production divided by the number of units produced, used in economics and financial analysis to assess efficiency or profitability.

Analogous Estimate

A cost estimation technique that uses the actual costs of previous, similar projects as the basis for estimating the cost of the current project.

Budgeted Cost

An estimate of all financial resources allocated for specific activities or the entire project.

Earned Value

A project management metric that measures project performance by comparing the work performed's value to the planned value and actual cost.