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Alice has $10 to spend on wine and cheese. If wine is $2.50 a glass and cheese $2, draw the corresponding budget line. Then draw three indifference curves, one showing the amount of wine and cheese Alice would choose, one showing less preferred combinations of wine and cheese, and the last showing preferred but unaffordable combinations.
Covariance
A measure that indicates the extent to which two variables change together, showing if increases in one variable correspond to increases in another.
Test Scores
Numeric or categorical quantifications that represent an individual's or group's performance on an examination.
Distribution
A statistical term describing how values in a data set are spread out across different categories or ranges.
Third Quartile
The value below which 75% of the data in a data set falls, also known as the upper quartile.
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