Suppose a Class Obtained the Following Scores on a Test }">$\text { cellpadding }=" 0 " \text { cellspacing }=" 0 " \text { width }=" 34 \% \text { " border="0"> }$

question 172

Multiple Choice

Suppose a class obtained the following scores on a test. }">$\text { cellpadding }=" 0 " \text { cellspacing }=" 0 " \text { width }=" 34 \% \text { " border="0"> }$

$\begin{array}{ll}\text { Score } & \text { Frequency } \\90 & 2 \\80 & 1 \\70 & 9 \\60 & 6 \\50 & 2 \\40 & 1\end{array}$
What is the mean? Round the answer to two decimal places as needed.

• A) 66.19
• B) 63.81
• C) 65
• D) 70
• E) 3.5

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Definitions:

Equilibrium Price

The price at which the quantity of a good demanded equals the quantity of that good supplied.

Tax Implications

The effects that taxes have on the financial outcomes of activities, including the impact on overall costs and benefits in business and personal finance.

Point Elasticity

The measure of elasticity at a specific point on a demand or supply curve, reflecting the sensitivity of quantity demanded or supplied to a change in price.

Consumer Surplus

The variance between the aggregate sum consumers can and will pay for a good or service and the sum they truly pay.