In Statistics,the Extent to Which Scores Differ from One Another

question 55

Multiple Choice

In statistics,the extent to which scores differ from one another or from their mean;often measured using the standard deviation,is called ____.

• A)variability
• B)frequency
• C)distribution
• D)correlation

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Definitions:

Marginal Benefit

The additional benefit resulting from a small increase in an activity or the consumption of a good or service.

Total Benefit

The complete value or advantage gained from consuming a good or service, encompassing both the direct and indirect benefits.

Additional Unit

Refers to the next unit of production or consumption beyond the current level.

Marginal Benefit

The additional satisfaction or utility that a person receives from consuming an extra unit of a good or service.