What is the term that refers to the normal variation about a mean or average?

What will be an ideal response?


statistical fluctuation

Business

You might also like to view...

Answer the following statements true (T) or false (F)

1.Shared values form the basis of shared goals and vision. 2.In-group members are more likely to be free-riders or social loafers. 3.In team development, it is not possible for a team to revert to a previous stage. 4.Virtual teams often do not have formal leaders. 5.The various functions of teams, especially in larger teams, often cannot be handled by a single leader.

Business

If fixed costs are $490,000, the unit selling price is $35, and the unit variable costs are $20, what is the break-even sales (units) if fixed costs are reduced by $40,000?

A) 32,667 units B) 14,000 units C) 30,000 units D) 24,500 units

Business

An act of an employer to prevent employees from entering the work premises when the employer reasonably anticipates a strike is known as an employee lockout

Indicate whether the statement is true or false

Business

To develop the cost of goods sold budget, it is necessary to start by calculating the projected cost to produce each unit

Indicate whether the statement is true or false

Business