The Technique of Elaboration Is Appropriate for ____ Variables Which

question 5

Multiple Choice

The technique of elaboration is appropriate for ____ variables which have been organized into ____.

• A)interval-ratio level,bivariate tables
• B)interval-ratio level,scattergrams
• C)nominal or ordinal level,scattergrams
• D)nominal or ordinal level,bivariate tables

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Definitions:

Used Car Dealer

A business that specializes in selling pre-owned vehicles, offering a wide range of models at various price points.

Profit Per Unit

The amount of financial gain earned on each unit of a product sold, calculated by subtracting the cost per unit from the selling price per unit.

Most Efficient Output

The level of production where average total costs are minimized.

Explicit Costs

These are direct monetary payments a firm makes to purchase inputs for its production, such as wages, rent, and materials.