The Two Data Sets Are Dependent $$\overline { \mathrm { d } }$$

question 167

Multiple Choice

The two data sets are dependent. Find $$\overline { \mathrm { d } }$$ to the nearest tenth.
- $\begin{array}{l|lllllll}\hline \mathrm{X} & 236 & 190 & 220 & 182 & 253 & 295 & 302 \\\hline \mathrm{Y} & 194 & 153 & 195 & 153 & 235 & 253 & 284\end{array}$

• A) \(181.2\)
• B) \(30.2\)
• C) \(18.1\)
• D) \(39.3\)

---

Definitions:

Unit-elastic

A situation in which the percentage change in quantity demanded is equal to the percentage change in price, resulting in no change in total revenue.

Elasticity of Labor Demand

A measure of how the quantity of labor demanded by employers changes in response to a change in wages or salary levels.

Close Substitutes

Products or services that can easily replace each other in consumption, showing a high level of interchangeability.

Resource Demand

The desire for resources (such as labor, capital, and natural resources) based on their contribution to the production process, influenced by factors like technological change and product demand.