When Calculating the Mean for Grouped Data, Which of the Following

question 133

Multiple Choice

When calculating the mean for grouped data, which of the following is used for the weights in the formula:

• A)midpoint of each class
• B)the class frequencies
• C)the upper limit of each class
• D)the bin range
• E)none of the above

---

Definitions:

Bargaining Costs

Costs incurred during the process of reaching an agreement between two parties, typically including time, effort, and other resources spent in negotiation.

Property Rights

Legal rules stating what people or firms may do with their property.

Coase Theorem

A principle asserting that if property rights exist, and are transferable, externalities can be fully corrected through bargaining without government intervention.

Pollution Damage

The detrimental effects on the environment, human health, or property caused by pollutants and waste emissions from industrial, agricultural, or residential sources.