Find the Indicated Measure $$\mathrm { P } _ { 16 }$$

question 194

Multiple Choice

Find the indicated measure.
-The weights (in pounds) of 30 newborn babies are listed below. Find $$\mathrm { P } _ { 16 }$$ $$\begin{array} { l l l l l l l l l l } 5.5 & 5.7 & 5.8 & 5.9 & 6.1 & 6.1 & 6.4 & 6.4 & 6.5 & 6.6 \\6.7 & 6.7 & 6.7 & 6.9 & 7.0 & 7.0 & 7.0 & 7.1 & 7.2 & 7.2 \\7.4 & 7.5 & 7.7 & 7.7 & 7.8 & 8.0 & 8.1 & 8.1 & 8.3 & 8.7\end{array}$$

• A) 4.8 lb
• B) 5.9 lb
• C) 6.1 lb
• D) 6.0 lb

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Definitions:

Nominal Exchange Rate

The value of one currency in terms of another currency without adjustment for inflation or purchasing power parity.

Real Exchange Rate

A measurement of the value of one currency against another, adjusted for inflation, giving a more accurate representation of purchasing power between two countries.

British Pounds

The official currency of the United Kingdom, also known as sterling.

Nominal Exchange Rate

The rate at which one country's currency can be exchanged for another's, not adjusted for inflation.