Which of the Following Is NOT True About the Interquartile

question 6

Multiple Choice

Which of the following is NOT true about the interquartile range?

• A) It is less affected by outliers than is the range.
• B) It consists of using only the middle 50% of the scores in a data set.
• C) It removes the highest and lowest 25% of the distribution.
• D) It subtracts the highest score from the lowest score.

---

Definitions:

Cournot Oligopolist

A firm competing in a market where a few firms control the majority of the market share and where each firm takes into account its rivals' production quantities when determining its own quantity.

Cournot Equilibrium

A concept in economic theory where firms reach a state in which each firm chooses the optimal output level assuming the output levels of the other firms.

Duopoly

A market structure characterized by two producers/sellers in competition with each other.

Constant Costs

Costs that remain unchanged regardless of the level of output or activity within a certain range.