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When the scores for a recent chemistry exam were calculated,the mean was 60 and the median was 65.Later,the professor discovered that one score had been recorded incorrectly; it had been entered into the computer as a 5,instead of as a 50.What will happen to the mean and median once the score is entered correctly
Marginal Revenue Product
The additional revenue generated by employing one more unit of a resource or factor of production.
Wage Rate
The amount of compensation a worker receives per unit of time or per task performed, often expressed as an hourly rate or salary.
Marginal Revenue Product
The additional revenue generated from the use of one more unit of a factor of production.
Wage Rate
The amount of compensation a worker receives per unit of time or per unit of output.
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