A Sample of Small Bottles and Their Contents Has the Following

question 49

Multiple Choice

A sample of small bottles and their contents has the following weights (in grams) : 4,2,5,4,5,2,and 6. What is the sample variance of bottle weight?

• A)6.92
• B)4.80
• C)1.96
• D)2.33

---

Definitions:

Variable Costs

are expenses that change in proportion to the activity of a business, such as sales volumes, including costs of goods sold and direct labor costs.

Selling Price

The actual price at which a product or service is sold to customers.

Labor Cost

The total amount of financial compensation, benefits, and taxes companies must pay for their employees' work.

Raising Prices

The act of increasing the cost at which goods or services are sold to consumers or other businesses.