Question
As output increases, what happens to average fixed
cost?Solution
Average fixed cost decreases as output increases because fixed costs are spread over a larger number of units. This reduction reflects the cost advantage gained through increased production, diminishing the per-unit cost of fixed expenses like machinery and building leases.
With reference to analysis of variance. which of the following statements is/are correct?
(I) Change of origin will affect the value of F
...The 95% confidence interval of average age of accidents in any city during last year for a sample of size 100 with mean age 34.25 from population of st...
For a distribution, the mean is 10, variance is 16, Y1 is +1 and β2 is 4. The distribution is:
Which of the following is NOT an approach for assigning the probability of the event?
The Pearson's correlation coefficient between following observation
X:           1             2          �...
Which option is WRONG?
If the first, fifth and ninth decile of frequency distribution xi ∣ fi are 3,10,16, respectively, then Kelly's coefficient of skewness is:
Which of the following is an example of using a sample to make inference about a population?
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