The Relative Frequency Table Below Shows the Closing Share Price

question 43

Multiple Choice

The relative frequency table below shows the closing share price changes for the 100 most actively traded NASDAQ stocks yesterday.Use the grouped data table to approximate the standard deviation for the data represented.

• A)1.22
• B).30
• C).83
• D).16
• E).55

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Definitions:

Necessity

A good or service that is essential for living and is deemed indispensable.

Few Substitutes

A market condition where there are limited alternative products or services available to consumers, often leading to higher prices.

Price-Elastic

A descriptor for goods or services whose demand significantly changes with a change in price.

Complementary Goods

Complementary Goods are products or services that are typically consumed together, where the demand for one increases the demand for the other.