A measure of the average value of a random variable is called a(n)

A. variance.
B. standard deviation.
C. expected value.
D. coefficient of variation.


Answer: C

Business

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As a business adds products to its product line that have the same purchased materials and similar manufacturing processes, it is able to lower the average unit cost of all products, producing a ________ effect

A) network B) scope C) Mohring D) scale E) cluster

Business

Tulsa Corp reported the following information for 2016 and 2017. Interest payable, December 31, 2016 $5,700 Interest payable, December 31, 2017 6,200 Interest expense—2017 12,250 How much cash was paid for interest during 2017?

a. $11,750 b. $12,250 c. $12,500 d. $12,750

Business

Data analysis services perform services that include editing competing questionnaires, developing a coding scheme, and transcribing the data onto diskettes or magnetic tapes for input into the computer

Indicate whether the statement is true or false

Business

Which of the following contradicts the mirror image rule?

A) silence as acceptance B) option contract C) counteroffer D) acceptance-upon-dispatch

Business