What Happens If You Are in the Last Cell of a Table

question 31

Multiple Choice

What happens if you are in the last cell of a table and press Tab?

• A)A new row is created
• B)Nothing--you will remain in the cell
• C)You return to the first cell in the first row
• D)A new column is created,and the insertion point moves to the new column

Distinguish between inferior goods, normal goods, and luxury goods based on income elasticity.

Analyze the effects of elasticity on business and economic decisions.

Describe the implications of elasticity on revenue for different types of goods.

Understand the role of substitutes and the broadness of market definition on elasticity.

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Definitions:

Empirical Rule

A statistical rule stating that for a normally distributed dataset, about 68% of values fall within one standard deviation, 95% within two, and 99.7% within three standard deviations from the mean.

Tchebysheff's Theorem

A mathematical formula that determines the minimum proportion of values that lie within a specified number of standard deviations from the mean, for any distribution.

Mound-Shaped

Mound-shaped describes a symmetrical, bell-shaped distribution of data points, indicative of a normal distribution.

Mode

The value that appears most frequently in a data set, a measure of central tendency.