Provide an Appropriate Response A)180
B)200
C)184

question 103

Multiple Choice

Provide an appropriate response.
-The cholesterol levels (in milligrams per deciliter) of 30 adults are listed below. Find Q1. $$\begin{array} { l l l l l l l l l l } 154 & 156 & 165 & 165 & 170 & 171 & 172 & 180 & 184 & 185 \\189 & 189 & 190 & 192 & 195 & 198 & 198 & 200 & 200 & 200 \\205 & 25 & 211 & 215 & 220 & 220 & 225 & 238 & 255 & 265\end{array}$$

• A)180
• B)200
• C)184.5
• D)171

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Definitions:

Brand Loyalty

The tendency of consumers to continuously purchase the same brand's products over competitors due to preferences, satisfaction, or perceived value.

Monopoly Power

The ability of a single entity to control a significant portion of the market and influence price or output levels.

Status Quo Bias

A cognitive bias that leads individuals to prefer things to remain the same or maintain their current state over pursuing change.

Status Quo Bias

The preference for maintaining current conditions or resisting change, even when better alternatives exist.