If the Boxplot for One Set of Data Is Much

question 61

Multiple Choice

If the boxplot for one set of data is much wider than the boxplot for a second set of data, then

• A) the mean of the first set of data must be larger than the mean of the second set of data
• B) the median of the first set of data must be larger than the median of the second set of data
• C) the second set of data must contain several outliers
• D) none of the above need to be true

---

Definitions:

Income Offer Curve

A graphical representation showing how changes in income affect the quantities of goods consumed, holding prices constant.

Prices

The monetary value necessary to acquire a good or service.

Income

Periodic earnings from professional activities or financial investments.

Utility Function

A mathematical representation that defines the satisfaction or utility a consumer derives from consuming different bundles of goods and services.