Find the Average and Round to the Same Place Value

question 60

Multiple Choice

Find the average and round to the same place value as that used in the problem. Alabama Statewide Average Bi-Monthly Precipitation 2005 measured in inches: 6.12, 14.22, 15.03,
8.62, 3.94, 8.92.

• A)9.40 inches
• B)9.50 inches
• C)9.48 inches
• D)9.475 inches

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Definitions:

Adverse Selection

A situation where sellers have more information than buyers, leading to high-quality goods and services being squeezed out of the market because they cannot be adequately priced.

Private Information

Information that some people have, but others do not.

Economic Decisions

Choices made by individuals, businesses, or governments involving the allocation of resources to satisfy their needs and desires.

Correlated Risks

Risks that are linked in such a way that the occurrence of one affects the likelihood of the occurrence of another.