The Commute Times (In Minutes) of 30 Employees Are Listed $\begin{array} { l l l l l l l l l l } 31 & 41 & 45 & 48 & 52 & 55 & 56 & 56 & 63 & 65 \end{array}$

question 17

Multiple Choice

The commute times (in minutes) of 30 employees are listed below. Find Q3. $\begin{array} { l l l l l l l l l l } 31 & 41 & 45 & 48 & 52 & 55 & 56 & 56 & 63 & 65 \end{array}$
$\begin{array} { l l l l l l l l l l l } 67 & 67 & 69 & 70 & 70 & 74 & 75 & 78 & 79 & 79 \end{array}$
$\begin{array} { l l l l l l l l l l } 80 & 81 & 83 & 85 & 85 & 87 & 90 & 92 & 95 & 99 \end{array}$

• A) 83 min
• B) 56 min
• C) 72 min
• D) 82 min

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Definitions:

Price Change

An alteration in the cost to purchasers of goods and services over time or in response to supply and demand conditions.

Total Utility

The total satisfaction a consumer gets from consuming a certain quantity of goods or services.

Demand Curves

A graphical representation showing the relationship between the price of a good or service and the quantity demanded by consumers, typically downward sloping.

Purchasing Power

The quantity of goods or services that a person or entity can buy with a given amount of currency.