Dan Owns a Factory That Manufactures Smartphones

question 76

Multiple Choice

Dan owns a factory that manufactures smartphones.He has many expenses every month to keep his factory running.Which of the following is one of Dan's fixed costs?

• A) plastic used to make the smartphones
• B) his electricity bill for the factory
• C) his mortgage on the factory
• D) memory devices used to store music and video on the smartphones

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Definitions:

Scatterplot

A type of graph used in statistics to display values for typically two variables for a set of data where the dots in the plot indicate the values obtained for each individual.

Explanatory Variable

A type of independent variable that is manipulated or categorized to measure its effect on a dependent variable.

Response Variable

A variable that measures the outcome of a study, often used as the dependent variable whose changes are tested against independent variables.

Categorical Variables

Variables that can take on one of a limited and usually fixed number of possible values, representing qualitative data, such as gender or eye color.