Examlex
In part as an effort to discourage smoking, Australia has some of the highest levels of cigarette taxation in the world.Do you think a tax on cigarettes dramatically decreases the number of people smoking? Is taxing cigarettes an effective way to raise revenue for the government from smokers? (Hint: given that smoking is addictive, what does this imply about the elasticity of demand?)
Ordinal Level
A measurement scale that categorizes data while preserving the order of the categories but not assuming equal intervals between them.
Order
The arrangement or sequence of elements or events in a particular way.
Outlier
An observation in a data set that is distant from other observations, often indicating a measurement error or a unique phenomenon.
Mode
The most prevalent figure found in a group of data points.
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