In a Statistics Class, the Following 10 Scores Were Randomly

question 51

Multiple Choice

In a statistics class, the following 10 scores were randomly selected: 74, 73, 77, 77, 71, 68, 65, 77, 67, 66. What is the median?

• A) 71.5
• B) 72.0
• C) 77.0
• D) 71.0
• E) 73.0

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Definitions:

Nashville

The capital city of the U.S. state of Tennessee, known for its vibrant music scene, particularly in country and western music.

Housing Prices

The cost at which residential properties are bought and sold in the market.

Competitive Industry

An industry characterized by many firms, differentiated products, and free entry and exit, leading to intense competition.

Elastic Demand

A situation where the demand for a product or service significantly changes in response to price changes.