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Compute the mean, median, and mode of the numbers in the data set below. Round answers to the nearest 1/10.
21 34 19 32 48 49 28 25 34 30
a.Mean:
____________
b.Median:
____________
c.Mode:
____________
Variable Costs
Costs that change in proportion to the level of production or sales volume.
Fixed Costs
Costs that do not vary with the level of output or activity, remaining constant over a period.
Break-Even Point
The sales volume at which net income is zero; the intersection of the total cost and total revenue lines on a break-even chart.
Break-Even Point
The point at which costs or expenses and revenue are equal, resulting in no net loss or gain from a business or investment.
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