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A manufacturer of flashlight batteries took a sample of 130 batteries from a day's production and used them continuously until they were drained. The number of hours until failure are recorded. Given below is the boxplot of the number of hours it took to drain each of the 130 batteries. The distribution of the number of hours is
Inflation
The frequency at which the all-encompassing costs of goods and services heighten, eroding financial purchasing capability.
Unemployment Rate
The percentage of the labor force that is jobless and actively looking for work.
Phillips Curve
An economic concept that depicts an inverse relationship between the rate of unemployment and the rate of inflation.
Central Bank
An institution that manages a country's currency, money supply, and interest rates, oversee the commercial banking system, and provides financial services to the government.
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