The Raw Data Refer to

question 45

Multiple Choice

The raw data refer to

• A) the original unanalyzed data.
• B) the results of final statistical analyses.
• C) the deleted outliers from a sample.
• D) the descriptive statistics.

---

Definitions:

Utility Function

A mathematical representation in economics that shows the relationship between the overall utility a consumer derives from different bundles of goods.

Parameters A And B

Symbols that represent constants in mathematical models and equations, often defining the shape or behavior of a function.

Quasilinear

Pertains to a specific form of utility or preference where the utility is linear in one of the goods, allowing for easy analysis of changes in wealth without affecting marginal utilities of other goods.

Utility Function

A mathematical representation of a consumer's preference ranking over a set of goods or outcomes.