Use the following data to answer the question. Here are the scores on a recent statistics midterm exam (Scores have been listed from lowest to highest). A histogram showing the distribution is also included.
-Choose the most appropriate measure of variability for the data and calculate it. Explain why you chose the measure of variability that you did. Round all calculations to the nearest tenth if necessary.
Definitions:
Tariff
A tariff is a tax imposed by a government on imported or exported goods to regulate trade, often to protect domestic industries.
Free Trade
An economic policy that allows imports and exports between countries with minimal governmental restrictions or tariffs.
Consumer Surplus
The discrepancy between the sum consumers are ready and capable of paying for a service or product and the sum they actually spend.
Producer Surplus
The discrepancy between what producers anticipate accepting for a good or service and what they end up being paid.
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