Which of the Following Is Most Likely to Be a Fixed

question 181

Multiple Choice

Which of the following is most likely to be a fixed cost for any firm?

• A)the monthly electric bill
• B)sales taxes
• C)shipping and postage costs
• D)rent on office space
• E)charitable donations

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Definitions:

Value Of T

The value of t, often found in t-tests, quantifies the difference between an observed sample mean and its hypothesized population mean value, measured in terms of standard errors.

Degrees For Freedom

The number of independent values in a statistical calculation that can vary without violating any given constraints.

T-Distribution

A probability distribution that is symmetric and bell-shaped, used particularly for small sample sizes or unknown population standard deviations; synonymous with Student T Distribution but demands a new definition.

Sample Mean

The average of all numerical values in a sample subset of a population, used in statistics to estimate the population mean.