A Group of 100 Students Were Surveyed About Their Interest

question 17

Multiple Choice

A group of 100 students were surveyed about their interest in a new International Studies program.Interest was measured in terms of high,medium,or low.30 students responded high interest;40 students responded medium interest;30 students responded low interest.What is the relative frequency of students with high interest?

• A)30%
• B)50%
• C)40%
• D)Cannot be determined

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Definitions:

Real Exchange Rate

The rate at which two currencies can be exchanged, adjusted for inflation, indicating how much of a country's goods and services can be exchanged for those of another country.

Prices Rise

An increase in the cost of goods and services in an economy over a period of time.

Purchasing-Power Parity

A theory that states prices of goods and services should equalize across countries when expressed in a common currency, accounting for exchange rates.

Money Supply

The grand total of money available in an economy at a specific time, encompassing cash, coins, and deposits in checking and savings accounts.