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Answer the question that follow this SPSS output:
Describe the amount of TV watched daily by the 1980 GSS middle-age adults.
Fixed Costs
Costs that do not change with the level of production or sales, such as rent, salaries, and insurance.
Depreciation
The allocation of the cost of an asset over its useful life, reflecting the reduction in value owing to wear and tear, age, or obsolescence.
Sensitivity Analysis
The study of how the variation in the output of a model can be apportioned, qualitatively or quantitatively, to different sources of variation in the input of a model.
Fixed Costs
Expenses that do not change with the level of production or output over the short term, such as rent or salaries.
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