If Shaniqua Wants to Be Sure Her Bathroom Scale Has

question 74

Multiple Choice

If Shaniqua wants to be sure her bathroom scale has test-retest reliability she should

• A)weigh herself today and then eat a lot; get on the scale again and see if her weight changes
• B)get on-and-off the scale repeatedly and see if it shows the same weight each time.
• C)ask others to weight themselves later that day.
• D)buy a second scale and see if they both give her the same weight when she steps on them.

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Definitions:

Maximize Profits

A business goal to achieve the highest possible profit by optimizing sales revenue and minimizing costs.

Constant Marginal

Pertains to a situation where the additional cost or benefit of producing one more unit of a good or service remains unchanged.

Average Cost

The sum of all production expenses divided by the amount of product made.

Marginal Revenue

The surplus revenue collected from the sale of an extra unit of a good or service.