One Problem with the Sum of Squares as a Measure

question 118

Multiple Choice

One problem with the sum of squares as a measure of variability is that its size depends on _____,as well as the variability among scores.

• A)the total N
• B)extreme scores
• C)the mode
• D)the standard deviation

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Definitions:

Marginal Cost

The extra cost incurred by producing one more unit of a product or service.

Marginal Benefit

The extra value or contentment obtained when one more unit of a good or service is consumed or produced.

Positive Externality

A benefit that is enjoyed by a third-party as a result of an economic transaction.

Spillover Benefit

An advantage that results from an activity or product but benefits those who are not directly involved in its production or consumption.