Which One of the Following Is the Correct Formula for Calculating

question 17

Multiple Choice

Which one of the following is the correct formula for calculating the percent coefficient of variation of a set of measurements?

• A) CV = standard deviation *100%
• B) CV = standard deviation / 100%
• C) CV = (standard deviation ÷ mean) * 100%
• D) CV = (mean + standard deviation) / 100%

Understand the differences between a medical model approach and the ecological approach in social work.

Evaluate the advantages and disadvantages of the medical model and ecological approach in social work.

Understand the terminology used in social work, including differences between administration and management.

Recognize the prevalence and role of social casework services in social welfare agencies.

---

Definitions:

Market Equilibrium Price

The price at which the quantity of goods supplied equals the quantity of goods demanded in the market.

Normal Profit

The level of profit that is just sufficient to keep an entrepreneur in business, equaling total revenues minus explicit and implicit costs.

Price System

An economic mechanism wherein prices are determined by the interaction of supply and demand, guiding the allocation of resources and distribution of goods and services.

Scarce Goods

Items that are limited in availability relative to the desires or needs of consumers.