Hours Worked Per Week ​ the Following Data Represent the Hours

question 41

Short Answer

Hours Worked per Week ​ The following data represent the hours worked per week of a sample of 25 employees from a government department: 31,43,56,23,49,42,33,61,44,28,48,38,44,35,40,64,52,42,47,39,53, 27,36,35,and 20. ​ ​
-{Hours Worked per Week Narrative} Find the modal hours.

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Definitions:

Lowest Cost Alternative

A cost-minimization strategy that involves choosing the most economical option among different possible choices.

Evaluate Possible Courses

The process of examining and considering all potential actions to determine the best course of action.

Contribution Margin

The difference between sales revenue and variable costs, indicating how much revenue contributes to fixed costs and profits.

Fixed Costs

Costs that do not vary with the level of production or sales, such as rent, salaries, and insurance premiums.