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Simplify the following and write your answers in scientific notation.
-Find the mean of the following set of data.
11.26 sec 11.23 sec 11.30 sec 11.29 sec
Assume the data above is used to predict the average time it takes a runner to run the 100-m dash. Use the mean from the data set to compute the absolute error and relative error if the actual time to run the 100 meters is 11.26 seconds. Round to two decimal places if necessary.
AE: ___________
RE: ___________
M Rises
This term is unclear without context, but could refer to an increase in a specific variable "M" in mathematical, economic, or other models.
Percentage Rise
A measure of how much a quantity increases over a period, expressed as a percentage of the initial value.
Equation of Exchange
An economic formula representing the relationship between the money supply, its velocity, the price level, and the number of transactions in an economy: MV = PQ.
Economy Output
The total value of all goods and services produced by an economy over a specific time period, also known as gross domestic product (GDP).
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