A Data Set Contains Only Two Values

question 36

Multiple Choice

A data set contains only two values.One of the two values is 64.If the MAD is 9, what is the standard deviation for this data set?

• A)6
• B)81
• C)3
• D)9
• E)12

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Definitions:

Efficiency Loss

The loss of economic efficiency that can occur when the equilibrium for a good or service is not achievable or not achieved.

Excise Tax

A tax charged on specific goods and services, such as tobacco, alcohol, and gasoline, typically imposed at the manufacturing or production level.

Perfectly Elastic

A situation in economics where the quantity demanded or supplied responds infinitely to changes in price.

Excise Tax

A tax levied on specific goods, services, or transactions, often included in the price of products like tobacco, alcohol, and gasoline.