If a Country's Output and Population Are, Respectively, $500 Billion

question 65

Multiple Choice

If a country's output and population are, respectively, $500 billion and 200 million, then its per capita output is:

• A)50.
• B)$1,000.
• C)$2,500.
• D)$24,000.

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Definitions:

Lower Quartile

The value below which 25% of the data falls, marking the lower end of the middle 50% of a dataset.

Median

The middle value in a list of numbers, which separates the higher half from the lower half.

Standard Deviation

A metric that quantifies the degree to which values in a collection vary from the average value of the group.

IQR

The interquartile range, a measure of statistical variability between the 25th and 75th percentiles.