THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 133

Essay

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
Starting with a sample of two values 70 and 100,add three data values to your sample to obtain a new sample with certain statistics.
-What are the three data values such that the new sample has a mean of 100 and a mode of 87? Justify your answer.

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Definitions:

Tax Policy

The government's approach to taxation, which includes the determination of tax rates and the identification of what economic activities or transactions will be taxed.

Production Possibilities Curve

A graphical representation showing the maximum combination of goods and services that can be produced using all available resources efficiently.

Fixed Quantity

A specific, unchanging amount of a good or service, not influenced by price changes.

Maximum Amount

The highest possible quantity or level that can be reached or allowed.