The Following Nine Values Represent Race Finish Times in Hours $\bar{x}$

question 15

Multiple Choice

The following nine values represent race finish times in hours for a randomly selected group of participants in an extreme 10k race (a 10k race with obstacles) . Which of the following is closest to The mean of the following data set?
1.0, 1.1, 1.2, 1.2, 1.3, 1.4, 1.4, 1.4, 1.5

• A) \( \bar{x} \) is about \( 1.6 \) hours
• B) \( \bar{x} \) is about \( 1.3 \) hours
• C) \( \bar{x} \) is about \( 1.1 \) hours
• D) \( \bar{x} \) is about \( 1.5 \) hours

---

Definitions:

Federal Open Market Committee

The branch of the Federal Reserve System that is responsible for determining the direction of monetary policy, specifically by directing open market operations.

Monetary Policy

The process by which the central bank or monetary authority of a country controls the supply of money, often targeting an inflation rate or interest rate to ensure stability and economic growth.

Discretion

The freedom to decide what should be done in a particular situation, often referring to judgment in professional and personal contexts.

Aggregate Demand

The complete need for every product and service within an economy at a specific overall price level during a certain time frame.