________ Weather Forecasting Is an Area That Relies Heavily on Statistical

question 7

Multiple Choice

________ weather forecasting is an area that relies heavily on statistical averages obtained from past weather events (climatic data) .

• A)Numerical
• B)Ensemble
• C)Persistence
• D)Long range

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Definitions:

Total Revenue

The total amount of money generated from sales of goods or services before any expenses are subtracted.

Elastic

Describes a situation in which the quantity demanded or supplied of a good or service significantly changes in response to a change in price.

Inelastic

Describes a situation where the demand or supply for a good or service is less responsive to changes in price.

Elastic Demand

A situation in economics where the demand for a product is sensitive to price changes, leading to a significant change in quantity demanded if the price increases or decreases.