Opportunity cost is relevant in this situation. Your opportunity basically consists of the full amount of your college expenses plus the money you would've made when you have chosen to work instead of enrolling in school. <u>The opportunity cost of attending college is $260,000.</u>
The potential benefits that even a person, investor, or business forgo while choosing between two possibilities are known as opportunity costs. Opportunity costs can be easily disregarded since they are by nature invisible.
The opportunity cost would be the worth of what you forgo while making a decision among two or more choices. It's a basic principle that applies to both investing and daily life. The opportunity cost in investing would be the amount of cash you can lose by choosing one asset above another.
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<h3>
TIMESTAMPS</h3>
A timestamp is an indication (also called a marker) which tells us at what time / when the relevant text was spoken. They are represented in the format [HH:MM:SS]; where HH are hours, MM are minutes, and SS are seconds - from the beginning of the audio or video file.
There are different kinds of timestamps as below:
1. Periodic timestamps - Periodic timestamps appear at a consistent frequency. They can appear for every 15 seconds, 30 seconds, 1 minute, or 2 minutes.
2. Paragraph timestamps
3. Sentence timestamps
4. Speaker timestamps
Time stamping format used while transcribing audio files is:
[00:00:00]
where [hour:minute:second]
so 5th minute is [00:05:00]
If the 5 - 15 minute part of an audio has to be transcribed stamping should be started at [00:05:00]
If a client requests time stamping every 30 seconds the next timestamp would be [00:05:30]
Answer:
The median is 5 and the range is 25
Based upon the given case, the 6 pounds 1 ounce is taken as Lower Quartile. Thus, option C is correct.
<h3>What are quartiles?</h3>
The quartiles can be understood as the division of the numbers or data into group of four or less or more, but in equal quartile size.
Lower quartile, also called first quartile has approx 25% in its left partition, and on its right lies approx 75% of the data.
Therefore, for 6 pounds, 1 ounce the correct option is C.
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