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[Instructor Note: If You Are Creating an Exam with All

question 3

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[Instructor note: If you are creating an exam with all measures of association, then use this.] Outliers (extreme scores) will most affect:


Definitions:

Price of Rice

The current market cost at which rice is sold, influenced by factors like supply and demand, production costs, and governmental policies.

Absence of Trade

A situation where there is no exchange of goods or services between individuals, regions, or countries, often resulting in decreased economic efficiency and growth.

Tariff

A tax imposed by a government on imports or exports of goods to regulate trade policies.

Excise Tax

A sales tax levied on a particular good or service; for example, gasoline and cigarette taxes.

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