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Table 17-4
Consider trade relations between Canada and Germany. Assume that the leaders of the two countries believe the payoffs to alternative trade policies are as follows:
-Refer to Table 17-4.Pursuing its own best interests,when will Canada play the low tariff strategy
Median
A measure of central tendency that identifies the middle value in a dataset when the numbers are arranged in ascending or descending order.
Central Tendency
A measure that represents the center point or typical value of a dataset.
Average
A statistical measure that determines the central tendency of a set of numbers by dividing the sum of all numbers by the count of the numbers.
Outliers
Those scores in a distribution that are noticeably much more extreme than the majority of scores. Whether a score is an outlier or not is usually an arbitrary decision made by the researcher.
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