Using the midpoint method, compute the elasticity of demand between points A and B. Is demand along this portion of the curve elastic or inelastic? Interpret your answer with regard to price and quantity demanded. Now compute the elasticity of demand between points B and C. Is demand along this portion of the curve elastic or inelastic? 
Definitions:
Physical Fitness
The ability of an individual to carry out tasks without undue fatigue, encompassing various aspects of health and performance.
SRS
Simple Random Sampling, a sampling method where every member of a population has an equal chance of being selected.
P-value
A statistical measure that helps in determining the significance of results obtained in a hypothesis test, indicating the probability of observing the results if the null hypothesis were true.
Normal Distribution
A symmetric, bell-shaped frequency distribution curve where most occurrences take place around the central peak and probabilities for values taper off equally towards either end.
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