Professor Newton Gave a Midterm Exam Where the Scores Ranged

question 115

Multiple Choice

Professor Newton gave a midterm exam where the scores ranged from 28 percent to 89 percent; the average score for the exam was 69 percent.Based on the phenomenon known as regression toward the mean,what should you expect on the final exam

• A) Almost all students will score higher on the final than they did on the midterm. 
• B) Almost all students will score lower on the final than they did on the midterm. 
• C) The students who scored near the mean on the midterm will score lower on the final. 
• D) The students who scored highest on the midterm will score lower on the final.

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Definitions:

Plumbers

Skilled tradespeople who install, maintain, and repair water, gas, and other piping systems in homes and businesses.

Factor Market

The marketplace for services of factors of production (like labor, land, and capital) where firms buy resources needed to produce goods and services.

Electricians

Skilled workers specialized in installing, maintaining, and repairing electrical systems and equipment.

Demand for Labor

The total amount of workers that employers want to hire at a given wage rate.