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Increase means ''add'' and decrease means ''take away''
January 2, 2011
Increase the radius sqrt(1.5) = 1.2247 times.
Increase in cost: take the first derivative with respect to the unit produced of a cost function. Total cost: sub-in the new quantity into the cost function.
The mean will increase substantially. The median may increase slightly or substantially - depending on how many observations are in the central values of the distribution. The mode should not change at all.