The Inflation Rate Is 4

question 190

Multiple Choice

The inflation rate is 4%. If Social Security payments automatically rise by 4%, this adjustment is authorized by an:

• A) inflation rate.
• B) escalator clause.
• C) elevator clause.
• D) insanity clause.

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Definitions:

Variance

A measure of variability that describes the spread of a data set or distribution.

Standard Deviation

A measure of the dispersion or variability within a dataset, indicating how spread out the values are from the mean.

Coefficient Of Variation

A consistent way to quantify the variability of a probability or frequency distribution, represented as a proportion of the mean.

Range

The gap between the maximum and minimum numbers within a dataset.