Use the table below to answer the following questions.
Table 20.2.5
Data from Southton
-Refer to Table 20.2.5. From the data in the table, compute Southton's real GDP in the base year.
Definitions:
Convertible
A type of car or bond that can be converted into another form, such as a convertible car with a retractable roof or a bond that can be converted into stock.
Population
The entire set of individuals or items that is the subject of study in statistical analysis.
Random Variables
Variables representing numerically measurable outcomes of random events.
Numerical
Pertaining to numbers, often used to describe data or methods that involve the manipulation or analysis of numbers.
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