If Two Data Sets Have the Same Range

question 133

Multiple Choice

If two data sets have the same range:

• A) the distances from the smallest to largest observations in both sets will be the same
• B) the smallest and largest observations are the same in both sets
• C) both sets will have the same variance
• D) both sets will have the same interquartile range
• E) both sets will have the same mean

---

Definitions:

Medicaid

A federal program that helps finance the medical expenses of individuals covered by the Supplemental Security Income (SSI) and Temporary Assistance for Needy Families (TANF) programs.

Low-income Workers

Individuals employed in jobs that pay wages below a certain threshold, often struggling to meet basic living expenses.

Moral Hazard

A situation in which one party in a transaction has the opportunity to assume additional risks that negatively affect the other party, often arising in insurance and finance.

Underconsume

When consumers buy less of a good or service than is economically efficient, often leading to potential welfare losses.