The Total Margin of the Value Chain Is the Difference

question 97

True/False

The total margin of the value chain is the difference between the total value added and the total costs incurred.

---

Definitions:

Sample Mean

The average value found from a sample, which is a subset of a larger population.

Population

The entire group of individuals or instances about whom the study is focused, from which a sample may be drawn.

Sample Statistic

A numerical measurement describing a characteristic of a sample, used to estimate a population parameter.

Coefficient of Variation

A measure of relative variability that expresses the standard deviation as a percentage of the mean.