Given the Following Age Distribution, 24 Is The: 20, 22

question 3

Multiple Choice

Given the following age distribution, 24 is the: 20, 22, 23, 25, 30, 36

• A)mean
• B)median
• C)mode
• D)standard deviation

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Definitions:

Depicts

Represents or shows something in a picture or story form, often used to describe how information is visually presented.

Profits

The financial gains obtained when revenues exceed the costs and expenses incurred to operate a business.

Fixed Cost

A cost that does not depend on the quantity of output produced; the cost of a fixed input.

Downward-Sloping Demand

A concept in economics that illustrates the inverse relationship between the price of a good and the quantity demanded by consumers.