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If the price of apple pies rose to $100 per pie,consumers would purchase fewer pies than if the price were $5 per pie.If the price of ice cream fell to $0.30 per scoop,consumers would purchase more ice cream than if the price were $5 per scoop.These relationships illustrate the
Scores
Quantitative assessments that represent the outcomes or achievements of individuals based on performance or measurement criteria.
Variance
A measure of the dispersion of a set of data points around their mean value, demonstrating how spread out the data points are.
Standard Deviation
An indicator of the spread or variability among a set of numbers, showing the degree to which these numbers vary from their average.
Unbiased Estimates
Statistical estimates or predictions that are accurate on average over a number of samples.
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