Which of the Following Is the Correct Description of Frequency

question 124

Multiple Choice

Which of the following is the correct description of frequency?

• A)the number of observations that fall within a certain category or range of scores
• B)a measure of how spread out values are within a distribution
• C)a measure of the central point of a distribution
• D)the distance between the highest and lowest value in a distribution

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Definitions:

Total Fixed Costs

The cumulative sum of all business expenses that are consistent and do not vary with the level of output, including overheads like rent, salaries, and utilities.

Level Of Activity

The volume of output or production activity attained within a specified period, often used to measure the efficiency and capacity utilization of a business.

Cost Behavior

The manner in which a cost changes in relation to its activity base (driver).

Managerial Decision Making

Involves the process by which managers make choices among possible alternatives to solve problems and take advantage of opportunities.