What Sort of Statistic Does the Following Most Clearly Exemplify

question 8

Multiple Choice

What sort of statistic does the following most clearly exemplify? There is one polling booth for every seven voters expected to vote today.

• A)average
• B)total
• C)absolute frequency
• D)median
• E)ratio

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Definitions:

Prices Doubled

A situation where the cost of goods, services, or commodities increases to twice their original amount.

Relative Prices

The price of one good or service compared to another, usually considered in terms of opportunity cost.

Price Of X

The amount of money required to purchase a unit of product X in a market.

Entire Income

This term does not correspond to a specific economic concept; it might refer to total earnings or revenue of an individual or entity, but more context is needed for a precise definition. NO.