An Activity That Fulfills a Human Want or Need and Returns

question 3

Multiple Choice

An activity that fulfills a human want or need and returns money to those who provide it is known as

• A) a favor.
• B) a transaction.
• C) a service.
• D) an activity.
• E) a kickback.

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Definitions:

Box and Whisker Plot

A graphical representation of data that highlights the median, quartiles, and extremes of the dataset.

Five-number Summary

A statistical summary of a data set that includes the minimum, first quartile, median, third quartile, and maximum.

30th Percentile

A value below which 30 percent of the data falls, used to indicate the lower-middle range of a data set.

Interquartile Range

The difference between the 75th and 25th percentiles of a dataset, a measure of statistical dispersion.