Data on the Amount of Time Spent Studying for a Particular

question 188

Multiple Choice

Data on the amount of time spent studying for a particular exam at a high school was collected for 150 students.Which of the following would you compute if you wanted to know the time spent studying done by half of the students?

• A)Arithmetic mean.
• B)Median.
• C)Coefficient of variation.
• D)Coefficient of correlation.

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Definitions:

Utility Function

A mathematical representation that assigns a value to every possible choice to represent the level of satisfaction or happiness it provides the consumer.

Private Consumptions

The total amount of goods and services consumed by households in an economy.

Total Amount

The complete sum or quantity of something, often referring to the total money involved in a transaction.

Pareto Efficient

A condition in which no individual's situation can be improved without worsening the situation of another individual.