In a Sample of N = 6 Scores,the Smallest Score

question 7

Multiple Choice

In a sample of n = 6 scores,the smallest score is X = 3,the largest score is X = 10,and the mean is M = 6.If the largest score is changed from X = 10 to X = 22,then what is the value of the new mean?

• A)The mean is still M = 6
• B)The mean is M = 7
• C)The mean is M = 8
• D)Cannot be determined from the information given

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Definitions:

Relevant Market

The market in which a particular product or service is sold, considering the competition, substitutes, and area in which it operates.

Tying Agreements

Contracts where the sale of one good (the tying product) to a customer is conditional on the purchase of a second, distinct good (the tied product).

Branded Goods

Branded goods are products that are made by well-known manufacturers and carry a brand name or logo, distinguishing them from generic or no-name products.

Behavioralists

Researchers or theorists who study the effects of human behavior on decision-making processes, often in the context of economics or psychology.