The Rule of 70 States That the Level of a Variable

question 4

Multiple Choice

The Rule of 70 states that the level of a variable will double in

• A) the number of years equal to the variable's annual growth rate minus 70.
• B) the number of years equal to the variable's annual rate of growth divided by 70.
• C) 70 years.
• D) the number of years equal to 70 multiplied by the variable's annual growth rate expressed as a decimal.
• E) the number of years equal to 70 divided by the variable's annual growth rate.

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Definitions:

Statistical Information

Refers to data that has been collected, analyzed, and presented in a numerical format, often used to support research or decision-making processes.

Mean

Value equal to the sum of all the items in the group divided by the number of items in that group; what people refer to when they use the term average.

Median

A statistical measure representing the middle value in a data set, where half the numbers are above and half are below.

Mode

The number that occurs more often than any other in a sample.