Figure 3-2 -Refer to Figure 3-2.An Increase in Price of Inputs Would

question 95

Multiple Choice

Figure 3-2

-Refer to Figure 3-2.An increase in price of inputs would be represented by a movement from

• A)A to B.
• B)B to A.
• C)S₁ to S₂.
• D)S₂ to S₁.

---

Definitions:

Measures Of Central Tendency

Indicators of what is occurring in the mid-range or “center” of a group of scores. Three measures of central tendency are the mean, median, and mode.

Variability

The degree of dispersion or spread in a set of data points, indicating how much the scores differ from each other and from the average.

Mean

The mean value of a collection of numbers, determined by summing all the numbers and then dividing by the total count of those numbers.

Mode

The value that appears most frequently in a given set of data.