Examlex
An exercise physiologist has designed two alternative training regimes which he hopes will enable middle distance runners to improve their times at the 800 metres.He wants to know which regime will work better.Design an experiment which will allow him to investigate this question.Assume that all the athletic coaches in a district are prepared to participate and assume that all athletes training with a particular coach will follow the same regime.Be sure to identify the factors,the levels,treatments,and response variable.
Contribution Margin Ratio
A financial metric that shows what percentage of sales revenue is available to cover fixed costs and generate profit.
Variable Costs
Costs that change in proportion to the level of activity or volume of production, such as raw materials and labor expenses.
Fixed Costs
Expenses that do not change with the level of production or sales, such as rent, salaries, and insurance, offering predictability in budgeting.
Operating Leverage
A measure of the relative mix of a business’s variable costs and fixed costs, computed as contribution margin divided by operating income.
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