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Use the table below to answer the following questions.
Table 11.1.1
The following table shows the relationship between consumption expenditure C) and disposable income YD) for a hypothetical economy.
-Refer to Table 11.1.1.The marginal propensity to consume is
Mean
The average of a set of numbers, calculated by summing the values and dividing by the count of numbers.
Variability
Indicates the range and dispersion of individual scores from the mean in a dataset.
Confidence Interval
A range of values, derived from sample statistics, that is likely to contain the value of an unknown population parameter, providing a measure of uncertainty around a sample estimate.
Confidence Interval
A series of values, extracted from data samples, that is presumed to include the value of a not yet identified population attribute.
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