The Following Numbers Are the Exam Results of 10 Students

question 2

Multiple Choice

The following numbers are the exam results of 10 students:
70, 75, 75, 75, 80, 85, 95, 95, 100, 100
What is the variance?

• A) 85
• B) 100
• C) 133.33
• D) 170

Analyze how time inconsistency affects decision-making and behavior.

Discuss the role of fairness in economic behavior and how it varies among individuals.

Examine the influence of external factors, such as natural disasters, on economic behavior from a behavioral economics perspective.

Explore the concept of time inconsistency in long-term planning and decision-making.

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Definitions:

Black Americans

A term referring to Americans with ancestry from black racial groups of Africa, often used interchangeably with African Americans.

Fair Employment Practices Commissions

Governmental bodies established to monitor and enforce anti-discrimination policies in the workplace, ensuring fair treatment of employees regardless of race, color, religion, sex, or national origin.

Universal Declaration

A common term usually referring to the Universal Declaration of Human Rights adopted by the United Nations General Assembly in 1948, outlining fundamental human rights to be universally protected.

Arbitrary Governments

Forms of government characterized by unchecked power and authority, often leading to decisions based on personal whims or discretion rather than laws or ethical standards.