As a Measure of Variation,the Sample ___________ Is Easy to Understand

question 13

Multiple Choice

As a measure of variation,the sample ___________ is easy to understand and compute.It is based on the two extreme values and is therefore a highly unstable measure.

• A) range
• B) standard deviation
• C) variance
• D) interquartile range
• E) coefficient of variation

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Definitions:

Special Order

A one-time or nonregular order that can require special pricing or production adjustments in manufacturing or service processes.

Variable Costs

Expenses that vary directly with the amount of production or business operations.

Fixed Costs

Expenses that do not change in total amount with changes in the level of business activity or production volumes, such as rent, salaries, and insurance.

Unit Variable Cost

The cost associated with producing one unit of output, including labor, materials, and overhead, that varies directly with the level of production.