A Measure of Dispersion Describes​

question 31

Multiple Choice

A measure of dispersion describes​

• A) ​where the data are clustered.
• B) ​which data are the most important.
• C) ​how spread out the data are.
• D) ​the central tendency.

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Definitions:

Demand

A relation between the price of a good and the quantity that consumers are willing and able to buy per period, other things constant.

Willing and Able

The readiness and capability of individuals or groups to engage in a particular activity.

Buyers

Individuals or entities that purchase goods or services for personal use, resale, or production.

Income Effect

The variation in the income of a person or an economy and its impact on the demand for products or services.