Use the Following Information to Answer the Question

question 44

Multiple Choice

Use the following information to answer the question. Here is a table recording the number of deaths for the top thirteen worst U.S. tornados since 1925. A histogram showing the distribution is also included.

-Estimate the most appropriate measure of variability.

• A)Standard Deviation; 178.5
• B)IQR; 156
• C)IQR; 574
• D)Standard Deviation; 169.4

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Definitions:

Nondiscriminating Monopolist

A monopolist who charges the same price to all customers for a good or service, without price differentiation.

Marginal Revenue

The increase in income realized from the sale of one additional product or service unit.

Price Reductions

A strategy where businesses lower the prices of their goods or services to increase demand or sales.

Marginal Cost

The increase in total production cost that arises from producing one additional unit of a product or service.