An Internet Service Provider Has the Capability of Tracking the Time

question 4

Multiple Choice

An Internet service provider has the capability of tracking the time that each of its customers spends connected to the Internet during a month. These data would constitute

• A) a population.
• B) a convenience sample.
• C) a simple random sample.
• D) a cluster sample.
• E) a multistage sample.

---

Definitions:

Average Variable Cost

The total variable costs (such as labor and materials) divided by the quantity of output produced.

Average Total Cost

The total cost of production (fixed plus variable costs) divided by the total quantity of output produced, indicating the cost of producing each unit of output.

Variable Costs

Costs that vary directly with the level of production or output, such as materials and labor costs.

Fixed Costs

Costs that do not change with the amount of goods or services produced by a business over a certain period, such as rent, salaries, and insurance premiums.