The Difference Between the Largest and the Smallest Data Values

question 56

Multiple Choice

The difference between the largest and the smallest data values is the

• A) variance.
• B) interquartile range.
• C) range.
• D) coefficient of variation.

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Definitions:

Supply And Demand

The economic model that describes how the price and quantity of goods and services are determined in a market based on the relationship between the amount available and the want for it.

Agricultural Products

Items produced through farming and agriculture, including crops, livestock, and other raw goods used for food, fabric, or industry.

Price Inelastic

A characteristic of a good or service whose demand does not significantly change when its price changes.

Agricultural Products

Goods derived from farming and the cultivation of soil, including crops and livestock.