For the Following Questions, Consider the Dataset Below Collected from a Sample

question 22

Multiple Choice

For the following questions, consider the dataset below collected from a sample of trainees:
$\begin{array}{ccc} & \text { Training } & \text { Test score } \\\hline 1 & \text { A } & 12 \\2 & \text { A } & 9 \\3 & \text { B } & 6 \\4 & \text { B } & 10 \\5 & \text { C } & 30 \\\hline\end{array}$ Test scores represent the number of test questions trainees answered correctly on the post-training survey.
-What is the cumulative frequency of Training C?

• A) 0.1
• B) 0.2
• C) 1
• D) 2

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Definitions:

Relatively Price Inelastic

A situation where the demand for a product changes by a smaller percentage than changes in price, indicating that consumers are less responsive to price changes.

Price Elasticity

A metric for evaluating how variations in the price of a commodity impact its demand level.

Unity

The state of being united or joined as a whole, often used in various contexts to denote harmony and agreement among members of a group or between entities.

Coefficient of Price Elasticity

The coefficient of price elasticity measures how much the quantity demanded of a good or service changes in response to a change in its price, indicating its price sensitivity.