The following table shows per-day production data of rice and T-shirts for two countries, Cambria and Bodoni. Based on the table, it can be said that Bodoni has a comparative advantage in the production of rice.
Definitions:
Measures of Dispersion
Statistical indicators that describe the spread or variability of a data set.
Mode
The value that appears most frequently in a given set of data.
Range
The difference between the highest and lowest values in a dataset, providing a measure of data dispersion.
Variance
A statistical measure that quantifies the spread or dispersion of a set of data points around their mean value.
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