Use the Following to Answer Questions

question 28

Multiple Choice

Use the following to answer questions:
-(Table: Peanut Butter and Jelly Economy) Use Table: Peanut Butter and Jelly Economy. Between 2010 and 2011, nominal GDP _____ by _____%.

• A) increased; 12.5
• B) decreased; 12.5
• C) increased; 16.67
• D) increased; 31.25

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Definitions:

Central Location

A statistical term that refers to the center or typical value in a set of data, often measured by mean, median, or mode.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values; how spread out numbers are around the mean.

Median

The middle value of a data set, which divides the set into two equal halves when arranged in ascending or descending order.

Pth Percentile

A value on a rank-ordered dataset below which a certain percentage (P) of observations fall.