(I the Median for the Distribution of Number of Sales

question 91

Multiple Choice

(i. The median for the distribution of number of sales per hour is 5 sales per hour.
(ii. The first quartile for the distribution of number of sales per hour is 4 sales per hour.
(iii) For the distribution of number of sales per hour, 50% of the observations are between 4 and 6.5.

• A) (i), (ii) and (iii) are all correct statements
• B) (i) and, (ii) are correct statements but not (iii).
• C) (i) and, (iii) are correct statements but not (ii).
• D) (ii) and (iii) are correct statements, but not (i).
• E) (i), (ii) and (iii) are all false statements.

---

Definitions:

Aggregate Demand

The total demand for all goods and services in an economy at a given overall price level and within a specified time period.

Aggregate Demand

Total economic demand for goods and services within an economy, calculated at a fixed price level during a designated time frame.

Aggregate Supply

The total supply of goods and services that firms in an economy plan to sell during a specific time period at different possible price levels.

Macroeconomic Forecasting

The process of making predictions about the overall state of the economy, including growth rates, inflation, and unemployment, based on analysis of trends and economic indicators.