Solve the Problem $\mathrm { A } = 4 , \mathrm {~B} = 3 , \mathrm { C } = 2 , \mathrm { D } = 1 , \text { and } \mathrm { F } = 0$

question 62

Multiple Choice

Solve the problem.
-The grades are given for a student for a particular semester. Use weighted means to find the grade point average. Assume the grade point values ar $\mathrm { A } = 4 , \mathrm {~B} = 3 , \mathrm { C } = 2 , \mathrm { D } = 1 , \text { and } \mathrm { F } = 0$ und your Answer to the nearest tenth when necessary.
$\begin{array}{cc}\text { Grade } & \text { Credit Hours } \\\hline \text { A } & 3 \\\text { D } & 1 \\\text { D } & 2 \\\text { F } & 2 \\\text { D } & 3\end{array}$

• A) 11
• B) \(1.6\)
• C) \(1.4\)
• D) \(2.2\)

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Definitions:

North American Potlatch

A ceremonial feast or gathering among indigenous peoples of the Pacific Northwest Coast of Canada and the United States, characterized by the distribution of gifts to affirm or establish status and prestige.

Generalized Reciprocity

A mode of exchange in which the value of the gift is not calculated, nor is the time of repayment specified.

Balanced Reciprocity

A mode of exchange in which the giving and the receiving are specific as to the value of the goods and the time of their delivery.

Market Economy

An economic system where decisions regarding investment, production, and distribution are based on supply and demand, with little government intervention.