During Sporting Events at the Local High School,Ashanti Runs a Concession

question 142

Multiple Choice

During sporting events at the local high school,Ashanti runs a concession stand.The costs associated with the purchase of hot dogs,mustard,relish,ketchup,chips,sodas,paper napkins,and cups are all examples of _____ costs.

• A) marginal
• B) variable
• C) fixed
• D) promotional
• E) liquidity

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Definitions:

Independent Variable

A factor in a model or study that is deliberately altered to examine its impact on the variable that is being measured.

Coefficient Of Determination

A statistical measure that determines the proportion of variance in the dependent variable predictable from the independent variable(s).

Dependent Variable

The variable in an experiment that is expected to change or respond when manipulated by the independent variable.

Coefficient Of Determination

A measure, usually denoted as R^2, that indicates the proportion of the variance in the dependent variable predictable from the independent variable(s).